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TX/Denton County/Southlake

Southlake, TX

CitySAFMR
Denton County
Found 1 ZIP

City Median Investment Score

36Below average

095130300
BRFMR
Eff. Rent
0 BR$1,880$2,030
1 BR$1,910$1,990
2 BR$2,250$2,480
3 BR$2,910$2,880
4 BR$3,670$3,960
5 BR$4,221Not available
6 BR$4,854Not available
7 BR$5,582Not available
8 BR$6,419Not available

Purchase Price Calculator

Maximum purchase price
$306,610

Cost breakdown

+Likely effective rent$2,480
HUD FMR$2,250
Market rent$2,640
Est. payment standard (110%)Used$2,480
-Principal and interest-$1,550
Loan amount$245,288
Down payment$61,322
Rate6.50%
Term30 years
-Operating costs-$730
Property taxes-$307
Insurance-$175
Utilities$0
HOA$0
Management-$248
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,564(64.5% ROI)
Projected value
$330,186
Return breakdown
Property appreciation+$23,575
Loan principal paid down+$8,788
Rental cash flow+$7,200
5-year hold
+$67,963(110.8% ROI)
Projected value
$346,902
Return breakdown
Property appreciation+$40,291
Loan principal paid down+$15,672
Rental cash flow+$12,000
10-year hold
+$147,219(240.1% ROI)
Projected value
$392,487
Return breakdown
Property appreciation+$85,877
Loan principal paid down+$37,342
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.94
2 BR
0.85
3 BR
1.01
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Southlake, TX fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Southlake, TX is $2,250 a month. That is down 1.7% from $2,290 in FY 2026. Southlake is in the Dallas, TX HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Texas is $1,105, so Southlake is 104% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Southlake, TX
BedroomsFY 2027Change90–110% range
Studio$1,880−0.5%$1,692–$2,068
1BR$1,910−2.1%$1,719–$2,101
2BR$2,250−1.7%$2,025–$2,475
3BR$2,910−2.3%$2,619–$3,201
4BR$3,670−1.3%$3,303–$4,037

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Southlake, TX
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,880$1,910$2,250$2,910$3,670
FY 2026$1,890$1,950$2,290$2,980$3,720
FY 2025$1,710$1,820$2,120$2,800$3,420
FY 2024$1,580$1,730$2,020$2,680$3,270
FY 2023$1,450$1,620$1,910$2,530$3,130

Questions about Southlake, TX rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,250, that basic range is $2,025 to $2,475 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 Southlake, TX in?

Southlake, TX is in the Dallas, TX HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

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

The two-bedroom FMR fell 1.7%, from $2,290 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has risen 17.8%.

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