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TX/Lampasas County/Copperas Cove

Copperas Cove, TX

CitySAFMR
Lampasas County
Found 1 ZIP

City Median Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$890$980
1 BR$900$930
2 BR$1,110$1,220
3 BR$1,540$1,660
4 BR$1,870$1,890
5 BR$2,151Not available
6 BR$2,473Not available
7 BR$2,844Not available
8 BR$3,271Not available

Purchase Price Calculator

Maximum purchase price
$119,375

Cost breakdown

+Likely effective rent$1,220
HUD FMR$1,110
Market rent$1,300
Est. payment standard (110%)Used$1,220
-Principal and interest-$604
Loan amount$95,500
Down payment$23,875
Rate6.50%
Term30 years
-Operating costs-$416
Property taxes-$119
Insurance-$175
Utilities$0
HOA$0
Management-$122
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,800(82.9% ROI)
Projected value
$128,554
Return breakdown
Property appreciation+$9,179
Loan principal paid down+$3,422
Rental cash flow+$7,200
5-year hold
+$33,788(141.5% ROI)
Projected value
$135,062
Return breakdown
Property appreciation+$15,687
Loan principal paid down+$6,102
Rental cash flow+$12,000
10-year hold
+$71,974(301.5% ROI)
Projected value
$152,810
Return breakdown
Property appreciation+$33,435
Loan principal paid down+$14,539
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.77
1 BR
0.95
2 BR
0.85
3 BR
0.90
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Copperas Cove, TX fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Copperas Cove, TX is $1,110 a month. That is down 5.9% from $1,180 in FY 2026. Copperas Cove is in the Lampasas County, TX HUD Metro 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 metro-wide two-bedroom FMR of $1,014.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Copperas Cove, TX
BedroomsFY 2027Change90–110% range
Studio$890−5.3%$801–$979
1BR$900−4.3%$810–$990
2BR$1,110−5.9%$999–$1,221
3BR$1,540−6.1%$1,386–$1,694
4BR$1,870−5.6%$1,683–$2,057

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Copperas Cove, TX
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$890$900$1,110$1,540$1,870
FY 2026$940$940$1,180$1,640$1,980
FY 2025$860$870$1,090$1,520$1,840
FY 2024$820$820$1,040$1,460$1,770
FY 2023$710$720$910$1,290$1,550

Questions about Copperas Cove, TX rents

How much will Section 8 pay for a two-bedroom in Copperas Cove, TX?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,110 it would be $999 to $1,221. 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 Copperas Cove, TX in?

Copperas Cove, TX is in the Lampasas County, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,014.

How much did fair market rent change in Copperas Cove, TX for FY 2027?

The two-bedroom FMR fell 5.9%, from $1,180 in FY 2026 to $1,110 in FY 2027. Since FY 2023 it has risen 22.0%.

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