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TX/Rusk County/Selman City

Selman City, TX

CitySAFMR
Rusk County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$810$810
1 BR$890$890
2 BR$1,160$1,160
3 BR$1,410$1,410
4 BR$1,530$1,530
5 BR$1,759Not available
6 BR$2,023Not available
7 BR$2,327Not available
8 BR$2,676Not available

Purchase Price Calculator

Maximum purchase price
$110,459

Cost breakdown

+Likely effective rent$1,160
HUD FMRUsed$1,160
Market rentN/A
Est. payment standardN/A
-Principal and interest-$559
Loan amount$88,367
Down payment$22,092
Rate6.50%
Term30 years
-Operating costs-$401
Property taxes-$110
Insurance-$175
Utilities$0
HOA$0
Management-$116
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,859(85.4% ROI)
Projected value
$118,952
Return breakdown
Property appreciation+$8,493
Loan principal paid down+$3,166
Rental cash flow+$7,200
5-year hold
+$32,161(145.6% ROI)
Projected value
$124,974
Return breakdown
Property appreciation+$14,515
Loan principal paid down+$5,646
Rental cash flow+$12,000
10-year hold
+$68,391(309.6% ROI)
Projected value
$141,397
Return breakdown
Property appreciation+$30,938
Loan principal paid down+$13,453
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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Selman City, TX fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Selman City, TX is $1,160 a month. That is unchanged from FY 2026. Selman City is in the Rusk 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 $1,205. The median county two-bedroom FMR in Texas is $1,105, so Selman City is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Selman City, TX
BedroomsFY 2027Change90–110% range
Studio$810−8.0%$729–$891
1BR$890+1.1%$801–$979
2BR$1,1600.0%$1,044–$1,276
3BR$1,410−2.1%$1,269–$1,551
4BR$1,530−3.8%$1,377–$1,683

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Selman City, TX
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$890$1,160$1,410$1,530
FY 2026$880$880$1,160$1,440$1,590
FY 2025$810$820$1,070$1,360$1,460
FY 2024$760$770$1,010$1,280$1,420
FY 2023area FMR$692$697$917$1,153$1,302

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

Questions about Selman City, TX rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,205, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,085 to $1,326 a month; under the ZIP-level Small Area FMR of $1,160 it would be $1,044 to $1,276. 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 Selman City, TX in?

Selman City, TX is in the Rusk County, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,205.

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

The two-bedroom FMR was unchanged at $1,160 in FY 2027. Since FY 2024 it has risen 14.9%.

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