Rental numbers for Hays County, TX
The typical home here runs -$1,727 a month at 7.78% with 25% down. 0 of 6 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.9%.
- Gross yield
- 5.1%
- typical home, Zillow
- Median ZIP yield
- 4.9%
- 6 ZIPs with full data
- Cash flow
- -$1,727/mo
- at 7.78%, 25% down
- Typical price
- $368,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,552/mo
- Zillow ZORI, Aug 2026
ZIP codes in Hays County
7 with published figures
| 78640Kyle | $293,000 | $1,566 | 6.4% | 1.7% | -$1,176 | -3.1% |
| 78666San Marcos | $312,000 | $1,414 | 5.5% | 1.3% | -$1,344 | -0.1% |
| 78610Buda | $359,000 | $1,614 | 5.4% | 0.9% | -$1,664 | -2.8% |
| 78676Wimberley | $557,000 | $2,023 | 4.4% | 1.0% | -$2,517 | +2.3% |
| 78620Dripping Springs | $678,000 | $2,323 | 4.1% | 0.8% | -$3,200 | +4.8% |
| 78737Austin | $776,000 | $1,929 | 3.0% | -0.1% | -$4,272 | -4.4% |
| 78619Driftwood | $934,000 | $1,760* | 2.3% | -0.6% | -$5,517 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -3.9%
- Rent, 12 months
- -1.5%
- Rent minus price growth
- +2.3 pts
- Property tax
- 1.66%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $411,377 | $1,545 |
| Aug 2022 | $487,592 | $1,680 |
| Aug 2023 | $432,358 | $1,671 |
| Aug 2024 | $406,117 | $1,634 |
| Aug 2025 | $382,385 | $1,576 |
| Aug 2026 | $367,644 | $1,552 |
HUD Fair Market Rent
FY2027, Austin-Round Rock-San Marcos, TX MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,447 | $1,530 | $1,817 | $2,292 | $2,689 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 45.7
- 4,562 units, last 12 months
- National percentile
- 99th
- among US counties
Tools
Questions
- Is Hays County good for rental property?
- The typical home here runs -$1,727 a month at 7.78% with 25% down. 0 of 6 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Hays County?
- About 1.66% of value, from Census ACS median taxes paid over median home value. On a $368,000 home that is about $6,114 a year.
- What is Fair Market Rent in Hays County?
- HUD's FY2027 Fair Market Rent here is $1,530 for a 1-bedroom, $1,817 for a 2-bedroom and $2,292 for a 3-bedroom. Typical cash flow at today's rate is -$1,727 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.