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TX/Waller County/Prairie View

Prairie View, TX

CitySAFMR
Waller County
Found 1 ZIP

City Median Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$860$870
1 BR$880$970
2 BR$1,040$1,140
3 BR$1,400$1,540
4 BR$1,740$1,910
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$107,487

Cost breakdown

+Likely effective rent$1,140
HUD FMR$1,040
Market rent$1,470
Est. payment standard (110%)Used$1,140
-Principal and interest-$544
Loan amount$85,990
Down payment$21,497
Rate6.50%
Term30 years
-Operating costs-$396
Property taxes-$107
Insurance-$175
Utilities$0
HOA$0
Management-$114
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,546(86.3% ROI)
Projected value
$115,752
Return breakdown
Property appreciation+$8,265
Loan principal paid down+$3,081
Rental cash flow+$7,200
5-year hold
+$31,619(147.1% ROI)
Projected value
$121,612
Return breakdown
Property appreciation+$14,125
Loan principal paid down+$5,494
Rental cash flow+$12,000
10-year hold
+$67,196(312.6% ROI)
Projected value
$137,592
Return breakdown
Property appreciation+$30,105
Loan principal paid down+$13,091
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
0.77
2 BR
0.71
3 BR
0.67
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Prairie View, TX fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Prairie View, TX is $1,040 a month. That is down 8.8% from $1,140 in FY 2026. Prairie View is in the Houston-The Woodlands-Sugar Land, 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 $1,497. The median county two-bedroom FMR in Texas is $1,105, so Prairie View is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Prairie View, TX
BedroomsFY 2027Change90–110% range
Studio$860−7.5%$774–$946
1BR$880−8.3%$792–$968
2BR$1,040−8.8%$936–$1,144
3BR$1,400−8.5%$1,260–$1,540
4BR$1,740−8.9%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Prairie View, TX
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$860$880$1,040$1,400$1,740
FY 2026$930$960$1,140$1,530$1,910
FY 2025$1,000$1,050$1,250$1,670$2,100
FY 2024$920$970$1,160$1,530$1,970
FY 2023$960$1,020$1,220$1,610$2,080

Questions about Prairie View, TX rents

How much will Section 8 pay for a two-bedroom in Prairie View, TX?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,497, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,347 to $1,647 a month; under the ZIP-level Small Area FMR of $1,040 it would be $936 to $1,144. 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 Prairie View, TX in?

Prairie View, TX is in the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,497.

How much did fair market rent change in Prairie View, TX for FY 2027?

The two-bedroom FMR fell 8.8%, from $1,140 in FY 2026 to $1,040 in FY 2027. Since FY 2023 it has fallen 14.8%.

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