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TX/Glasscock County/Big Spring

Big Spring, TX

CitySAFMR
Glasscock County
Found 1 ZIP

City Median Investment Score

108Above average

095130300
BRFMR
Eff. Rent
0 BR$1,290$1,000
1 BR$1,300$1,150
2 BR$1,600$1,300
3 BR$2,000$1,610
4 BR$2,460$2,090
5 BR$2,829Not available
6 BR$3,253Not available
7 BR$3,741Not available
8 BR$4,303Not available

Purchase Price Calculator

Maximum purchase price
$131,263

Cost breakdown

+Likely effective rent$1,300
HUD FMR$1,600
Market rentUsed$1,300
Est. payment standard (90%)$1,440
-Principal and interest-$664
Loan amount$105,010
Down payment$26,253
Rate6.50%
Term30 years
-Operating costs-$436
Property taxes-$131
Insurance-$175
Utilities$0
HOA$0
Management-$130
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,055(80.2% ROI)
Projected value
$141,356
Return breakdown
Property appreciation+$10,093
Loan principal paid down+$3,762
Rental cash flow+$7,200
5-year hold
+$35,958(137.0% ROI)
Projected value
$148,512
Return breakdown
Property appreciation+$17,249
Loan principal paid down+$6,709
Rental cash flow+$12,000
10-year hold
+$76,751(292.4% ROI)
Projected value
$168,028
Return breakdown
Property appreciation+$36,765
Loan principal paid down+$15,987
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.29
1 BR
1.13
2 BR
1.23
3 BR
1.24
4 BR
1.18
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Big Spring, TX fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Big Spring, TX is $1,600 a month. That is down 5.3% from $1,690 in FY 2026. Big Spring is in the Glasscock County, TX non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,078. The median county two-bedroom FMR in Texas is $1,105, so Big Spring is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Big Spring, TX
BedroomsFY 2027Change90–110% range
Studio$1,290−9.8%$1,161–$1,419
1BR$1,300−9.7%$1,170–$1,430
2BR$1,600−5.3%$1,440–$1,760
3BR$2,000−5.7%$1,800–$2,200
4BR$2,460−9.9%$2,214–$2,706

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Big Spring, TX
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,290$1,300$1,600$2,000$2,460
FY 2026$1,430$1,440$1,690$2,120$2,730
FY 2025$880$880$1,130$1,360$1,690
FY 2024$780$780$920$1,300$1,560
FY 2023area FMR$667$705$885$1,161$1,302

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about Big Spring, TX rents

How much will Section 8 pay for a two-bedroom in Big Spring, TX?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,078, which applies unless the housing authority uses Small Area FMRs, that basic range is $970 to $1,186 a month; under the ZIP-level Small Area FMR of $1,600 it would be $1,440 to $1,760. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Big Spring, TX in?

Big Spring, TX is in the Glasscock County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,078.

How much did fair market rent change in Big Spring, TX for FY 2027?

The two-bedroom FMR fell 5.3%, from $1,690 in FY 2026 to $1,600 in FY 2027. Since FY 2024 it has risen 73.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set