FY2027 Small Area FMR · Austin, TX

ZIP 78738 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 78738 (Austin, TX) is $2,120 a month, down 4.9% from FY2026. That is 17% above the Austin-Round Rock-San Marcos, TX area-wide FMR of $1,817.

2-bedroom SAFMR$2,120per month ▼ 4.9%

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

Rank in the area14thof 131 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,908

2 BR Small Area FMR$2,120

110% of SAFMR$2,332

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

Studio$1,690▼ 5.1%

1 BR$1,780▼ 5.3%

2 BR$2,120▼ 4.9%

3 BR$2,670▼ 5.7%

4 BR$3,140▼ 5.4%

FY2027 FY2026

Where 78738 sits in the Austin-Round Rock-San Marcos, TX area

Of the 131 ZIP codes HUD lists for the area, 78738 has the 14th 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 $2,120 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	$1,690	$1,521 – $1,859	$1,447	$1,780
1 bedroom	$1,780	$1,602 – $1,958	$1,530	$1,880
2 bedrooms	$2,120	$1,908 – $2,332	$1,817	$2,230
3 bedrooms	$2,670	$2,403 – $2,937	$2,292	$2,830
4 bedrooms	$3,140	$2,826 – $3,454	$2,689	$3,320

A household renting a two-bedroom home at the Small Area FMR of $2,120 needs about $84,800 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 78738 lies mainly in 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
78734	Austin	4.1 mi	$2,110
78736	Austin	4.1 mi	$2,000
78733	Austin	4.4 mi	$2,730
78732	Austin	5.5 mi	$1,990
78735	Austin	6.4 mi	$2,130
78730	Austin	8.1 mi	$1,900

Questions

What is the Fair Market Rent for ZIP code 78738?

HUD's FY2027 Small Area Fair Market Rents for 78738 are $1,690 (studio), $1,780 (1 BR), $2,120 (2 BR), $2,670 (3 BR) and $3,140 (4 BR) a month.

What is the Section 8 payment standard in 78738?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 78738 that range is $1,908 to $2,332 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 78738?

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.