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TX/Grayson County/Van Alstyne

Van Alstyne, TX

CitySAFMR
Grayson County
Found 1 ZIP

City Median Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$1,330$1,280
1 BR$1,360$1,300
2 BR$1,680$1,720
3 BR$2,310$1,940
4 BR$2,600$2,340
5 BR$2,990Not available
6 BR$3,438Not available
7 BR$3,954Not available
8 BR$4,547Not available

Purchase Price Calculator

Maximum purchase price
$193,675

Cost breakdown

+Likely effective rent$1,720
HUD FMR$1,680
Market rent$1,740
Est. payment standard (102%)Used$1,720
-Principal and interest-$979
Loan amount$154,940
Down payment$38,735
Rate6.50%
Term30 years
-Operating costs-$541
Property taxes-$194
Insurance-$175
Utilities$0
HOA$0
Management-$172
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,643(71.4% ROI)
Projected value
$208,567
Return breakdown
Property appreciation+$14,892
Loan principal paid down+$5,551
Rental cash flow+$7,200
5-year hold
+$47,350(122.2% ROI)
Projected value
$219,125
Return breakdown
Property appreciation+$25,450
Loan principal paid down+$9,899
Rental cash flow+$12,000
10-year hold
+$101,833(262.9% ROI)
Projected value
$247,920
Return breakdown
Property appreciation+$54,245
Loan principal paid down+$23,588
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
1.05
2 BR
0.97
3 BR
1.19
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Van Alstyne, TX fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Van Alstyne, TX is $1,680 a month. That is up 7.0% from $1,570 in FY 2026. Van Alstyne is in the Sherman-Denison, TX MSA, 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 Van Alstyne is 52% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Van Alstyne, TX
BedroomsFY 2027Change90–110% range
Studio$1,330+4.7%$1,197–$1,463
1BR$1,360+7.1%$1,224–$1,496
2BR$1,680+7.0%$1,512–$1,848
3BR$2,310+6.5%$2,079–$2,541
4BR$2,600+3.6%$2,340–$2,860

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Van Alstyne, TX
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,330$1,360$1,680$2,310$2,600
FY 2026$1,270$1,270$1,570$2,170$2,510
FY 2025$1,250$1,310$1,570$2,170$2,630
FY 2024$1,040$1,200$1,410$1,920$2,390
FY 2023$890$1,080$1,260$1,700$2,110

Questions about Van Alstyne, TX rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,680, that basic range is $1,512 to $1,848 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 Van Alstyne, TX in?

Van Alstyne, TX is in the Sherman-Denison, TX MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

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

The two-bedroom FMR rose 7.0%, from $1,570 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 33.3%.

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