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Grayson County/Denison/75021

75021

ZIPSAFMR
Grayson County, TX
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$980$1,030
1 BR$1,000$1,080
2 BR$1,240$1,170
3 BR$1,720$1,650
4 BR$1,950$1,980
5 BR$2,243Not available
6 BR$2,579Not available
7 BR$2,966Not available
8 BR$3,411Not available

Purchase Price Calculator

Maximum purchase price
$111,945

Cost breakdown

+Likely effective rent$1,170
HUD FMR$1,240
Market rentUsed$1,170
Est. payment standard (96%)$1,190
-Principal and interest-$566
Loan amount$89,556
Down payment$22,389
Rate6.50%
Term30 years
-Operating costs-$404
Property taxes-$112
Insurance-$175
Utilities$0
HOA$0
Management-$117
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,016(84.9% ROI)
Projected value
$120,553
Return breakdown
Property appreciation+$8,608
Loan principal paid down+$3,209
Rental cash flow+$7,200
5-year hold
+$32,432(144.9% ROI)
Projected value
$126,656
Return breakdown
Property appreciation+$14,710
Loan principal paid down+$5,722
Rental cash flow+$12,000
10-year hold
+$68,988(308.1% ROI)
Projected value
$143,299
Return breakdown
Property appreciation+$31,354
Loan principal paid down+$13,634
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
0.88
2 BR
1.06
3 BR
1.04
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 75021 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75021 (Denison, TX) is $1,240 a month. That is up 2.5% from $1,210 in FY 2026. Denison is in the Sherman-Denison, TX MSA. 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 $1,395. Among 23 ZIP codes in Grayson County, 75021 has the 19th-highest two-bedroom rent (county range $1,100–$2,340). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75021 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75021
BedroomsFY 2027Change90–110% range
Studio$980+1.0%$882–$1,078
1BR$1,000−1.0%$900–$1,100
2BR$1,240+2.5%$1,116–$1,364
3BR$1,720+1.8%$1,548–$1,892
4BR$1,950−3.9%$1,755–$2,145

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75021
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$980$1,000$1,240$1,720$1,950
FY 2026$970$1,010$1,210$1,690$2,030
FY 2025$990$1,040$1,250$1,740$2,100
FY 2024$910$1,060$1,240$1,700$2,100
FY 2023$730$900$1,050$1,420$1,750

Two-bedroom rent in nearby Grayson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 75021
75009$2,340+88.7%
75020$1,360+9.7%
75021Current$1,240—
75058$1,700+37.1%
75076$1,600+29.0%
75090$1,340+8.1%
75091$1,400+12.9%
75092$1,410+13.7%
75414$1,220−1.6%
75459$1,440+16.1%
75479$1,220−1.6%
75489$1,510+21.8%

Questions about ZIP 75021 rents

How much will Section 8 pay for a two-bedroom in ZIP 75021?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,395, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,256 to $1,535 a month; under the ZIP-level Small Area FMR of $1,240 it would be $1,116 to $1,364. 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 ZIP 75021 in?

ZIP 75021 is in the Sherman-Denison, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,395.

How much did fair market rent change in ZIP 75021 for FY 2027?

The two-bedroom FMR rose 2.5%, from $1,210 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 18.1%.

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

County fair market rentDenison, TX fair market rentTX statewide rentsWhat is SAFMR?Data sources