Collin County/Rockwall/75087

75087

ZIPSAFMR

Collin County, TX

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ZIP Investment Score

67Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,630	$1,350	1.0%
1 BR	$1,670	$1,520	0.2%
2 BR	$1,970	$1,960	0.3%
3 BR	$2,480	$2,200	0.4%
4 BR	$3,150	$2,460	-0.1%
5 BR	$3,622	Not available	-0.1%
6 BR	$4,166	Not available	-0.1%
7 BR	$4,791	Not available	-0.1%
8 BR	$5,509	Not available	-0.1%

Purchase Price Calculator

Maximum purchase price

$229,339

Cost breakdown

+Likely effective rent$1,960

HUD FMR$1,970

Market rentUsed$1,960

Est. payment standard (100%)$1,960

-Principal and interest-$1,160

Loan amount$183,471

Down payment$45,868

Rate6.50%

Term30 years

-Operating costs-$600

Property taxes-$229

Insurance-$175

Utilities$0

HOA$0

Management-$196

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$31,407(68.5% ROI)

Projected value

$246,973

Return breakdown

Property appreciation+$17,634

Loan principal paid down+$6,573

Rental cash flow+$7,200

5-year hold

+$53,859(117.4% ROI)

Projected value

$259,476

Return breakdown

Property appreciation+$30,137

Loan principal paid down+$11,722

Rental cash flow+$12,000

10-year hold

+$116,166(253.3% ROI)

Projected value

$293,573

Return breakdown

Property appreciation+$64,234

Loan principal paid down+$27,931

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.21ratio

FMR$1,630

Market$1,350

vs market+$280

FMR is above market; underwrite to market rent.

1.21

1 BR

1.10ratio

FMR$1,670

Market$1,520

vs market+$150

FMR is near market; voucher and private rents are aligned.

1.10

2 BR

1.01ratio

FMR$1,970

Market$1,960

vs market+$10

FMR is near market; voucher and private rents are aligned.

1.01

3 BR

1.13ratio

FMR$2,480

Market$2,200

vs market+$280

FMR is above market; underwrite to market rent.

1.13

4 BR

1.28ratio

FMR$3,150

Market$2,460

vs market+$690

FMR is above market; underwrite to market rent.

1.28

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 75087 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75087 (Rockwall, TX) is $1,970 a month. That is down 6.2% from $2,100 in FY 2026. Rockwall 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. Among 47 ZIP codes in Collin County, 75087 has the 34th-highest two-bedroom rent (county range $1,100–$2,710). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75087 is 78% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75087
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,720	$1,630	−5.2%	$1,467–$1,793
1BR	$1,790	$1,670	−6.7%	$1,503–$1,837
2BR	$2,100	$1,970	−6.2%	$1,773–$2,167
3BR	$2,640	$2,480	−6.1%	$2,232–$2,728
4BR	$3,360	$3,150	−6.2%	$2,835–$3,465

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75087
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,630	$1,670	$1,970	$2,480	$3,150
FY 2026	$1,720	$1,790	$2,100	$2,640	$3,360
FY 2025	$1,660	$1,740	$2,040	$2,560	$3,280
FY 2024	$1,580	$1,660	$1,950	$2,450	$3,160
FY 2023	$1,470	$1,550	$1,830	$2,310	$3,010

Two-bedroom rent in nearby Collin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 75087
75072	$2,710	+37.6%
75074	$1,940	−1.5%
75075	$1,900	−3.6%
75078	$2,590	+31.5%
75080	$2,080	+5.6%
75082	$2,320	+17.8%
75086	$2,070	+5.1%
75087Current	$1,970	—
75093	$2,270	+15.2%
75094	$2,710	+37.6%
75097	$2,070	+5.1%
75098	$2,310	+17.3%

Questions about ZIP 75087 rents

How much will Section 8 pay for a two-bedroom in ZIP 75087?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,970, that basic range is $1,773 to $2,167 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 ZIP 75087 in?

ZIP 75087 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 ZIP 75087 for FY 2027?

The two-bedroom FMR fell 6.2%, from $2,100 in FY 2026 to $1,970 in FY 2027. Since FY 2023 it has risen 7.7%.

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 rent Rockwall, TX fair market rent TX statewide rents What is SAFMR?Data sources