FY2027 Small Area FMR · Austin, TX

ZIP 78737 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 78737 (Austin, TX) is $2,370 a month, down 4.4% from FY2026. That is 30% above the Austin-Round Rock-San Marcos, TX area-wide FMR of $1,817.

2-bedroom SAFMR$2,370per month ▼ 4.4%

Area-wide 2 BR FMR$1,817Austin-Round Rock-San Marcos

Rank in the area8thof 131 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,133

2 BR Small Area FMR$2,370

110% of SAFMR$2,607

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,890▼ 4.1%

1 BR$2,000▼ 4.3%

2 BR$2,370▼ 4.4%

3 BR$2,990▼ 4.8%

4 BR$3,510▼ 5.1%

FY2027 FY2026

Where 78737 sits in the Austin-Round Rock-San Marcos, TX area

Of the 131 ZIP codes HUD lists for the area, 78737 has the 8th highest two-bedroom Small Area FMR. Austin-Round Rock-San Marcos, TX is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,817 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,370 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,890	$1,701 – $2,079	$1,447	$1,970
1 bedroom	$2,000	$1,800 – $2,200	$1,530	$2,090
2 bedrooms	$2,370	$2,133 – $2,607	$1,817	$2,480
3 bedrooms	$2,990	$2,691 – $3,289	$2,292	$3,140
4 bedrooms	$3,510	$3,159 – $3,861	$2,689	$3,700

A household renting a two-bedroom home at the Small Area FMR of $2,370 needs about $94,800 a year to keep housing costs at 30% of income. The area median family income is $134,400 and the 80% low-income limit for four people is $106,800. ZIP code 78737 lies mainly in Hays County and Travis County. See the Austin-Round Rock-San Marcos, TX metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
78739	Austin	4.1 mi	$2,730
78736	Austin	4.9 mi	$2,000
78749	Austin	6.3 mi	$2,060
78652	Manchaca	6.3 mi	$2,730
78619	Driftwood	7.1 mi	$1,670
78735	Austin	7.6 mi	$2,130

Questions

What is the Fair Market Rent for ZIP code 78737?

HUD's FY2027 Small Area Fair Market Rents for 78737 are $1,890 (studio), $2,000 (1 BR), $2,370 (2 BR), $2,990 (3 BR) and $3,510 (4 BR) a month.

What is the Section 8 payment standard in 78737?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 78737 that range is $2,133 to $2,607 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 78737?

The FY2026 income limits of the Austin-Round Rock-San Marcos, TX area apply: median family income $134,400, low-income (80%) limit $106,800 for a family of four.