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Ross, TX

CityFMR
McLennan County
Found 1 ZIP
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City Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$903$903
1 BR$1,029$1,029
2 BR$1,297$1,297
3 BR$1,693$1,693
4 BR$1,705$1,705
5 BR$1,961Not available
6 BR$2,255Not available
7 BR$2,593Not available
8 BR$2,982Not available

Purchase Price Calculator

Maximum purchase price
$130,817

Cost breakdown

+Likely effective rent$1,297
HUD FMRUsed$1,297
Market rentN/A
Est. payment standardN/A
-Principal and interest-$661
Loan amount$104,654
Down payment$26,163
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
+$21,008(80.3% ROI)
Projected value
$140,876
Return breakdown
Property appreciation+$10,059
Loan principal paid down+$3,749
Rental cash flow+$7,200
5-year hold
+$35,877(137.1% ROI)
Projected value
$148,008
Return breakdown
Property appreciation+$17,190
Loan principal paid down+$6,686
Rental cash flow+$12,000
10-year hold
+$76,572(292.7% ROI)
Projected value
$167,457
Return breakdown
Property appreciation+$36,640
Loan principal paid down+$15,932
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Ross, TX fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Ross, TX is $1,297 a month. That is up 4.6% from $1,240 in FY 2026. Ross is in the Waco, TX HUD Metro FMR Area. The median county two-bedroom FMR in Texas is $1,105, so Ross is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Ross, TX
BedroomsFY 2027Change90–110% range
Studio$903+6.2%$813–$993
1BR$1,029+3.3%$926–$1,132
2BR$1,297+4.6%$1,167–$1,427
3BR$1,693+5.9%$1,524–$1,862
4BR$1,705+3.7%$1,535–$1,876

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Ross, TX
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$903$1,029$1,297$1,693$1,705
FY 2026$850$996$1,240$1,599$1,644
FY 2025$944$1,106$1,377$1,776$1,826
FY 2024$875$1,011$1,266$1,632$1,686
FY 2023$710$787$996$1,307$1,354

Questions about Ross, TX rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,297, that basic range is $1,167 to $1,427 a month. 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 Ross, TX in?

Ross, TX is in the Waco, TX HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

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

The two-bedroom FMR rose 4.6%, from $1,240 in FY 2026 to $1,297 in FY 2027. Since FY 2023 it has risen 30.2%.

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 Fair Market Rents. 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