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Ellis County/Waxahachie/75165

75165

ZIPSAFMR
Ellis County, TX
Zillow

ZIP Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$1,420$1,280
1 BR$1,460$1,470
2 BR$1,720$1,700
3 BR$2,170$2,000
4 BR$2,750$2,360
5 BR$3,162Not available
6 BR$3,637Not available
7 BR$4,182Not available
8 BR$4,810Not available

Purchase Price Calculator

Maximum purchase price
$190,703

Cost breakdown

+Likely effective rent$1,700
HUD FMR$1,720
Market rentUsed$1,700
Est. payment standard (99%)$1,710
-Principal and interest-$964
Loan amount$152,562
Down payment$38,141
Rate6.50%
Term30 years
-Operating costs-$536
Property taxes-$191
Insurance-$175
Utilities$0
HOA$0
Management-$170
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,329(71.7% ROI)
Projected value
$205,366
Return breakdown
Property appreciation+$14,663
Loan principal paid down+$5,466
Rental cash flow+$7,200
5-year hold
+$46,807(122.7% ROI)
Projected value
$215,763
Return breakdown
Property appreciation+$25,060
Loan principal paid down+$9,747
Rental cash flow+$12,000
10-year hold
+$100,639(263.9% ROI)
Projected value
$244,116
Return breakdown
Property appreciation+$53,413
Loan principal paid down+$23,226
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.11
1 BR
0.99
2 BR
1.01
3 BR
1.08
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 75165 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75165 (Waxahachie, TX) is $1,720 a month. That is down 5.0% from $1,810 in FY 2026. Waxahachie 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 22 ZIP codes in Ellis County, 75165 has the 10th-highest two-bedroom rent (county range $1,100–$2,250). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75165 is 56% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75165
BedroomsFY 2027Change90–110% range
Studio$1,420−4.1%$1,278–$1,562
1BR$1,460−5.2%$1,314–$1,606
2BR$1,720−5.0%$1,548–$1,892
3BR$2,170−4.8%$1,953–$2,387
4BR$2,750−5.2%$2,475–$3,025

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75165
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,420$1,460$1,720$2,170$2,750
FY 2026$1,480$1,540$1,810$2,280$2,900
FY 2025$1,270$1,330$1,560$1,950$2,510
FY 2024$1,190$1,250$1,470$1,850$2,380
FY 2023$1,080$1,140$1,340$1,690$2,200

Two-bedroom rent in nearby Ellis County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 75165
75101$1,420−17.4%
75104$2,160+25.6%
75119$1,460−15.1%
75125$1,340−22.1%
75146$1,850+7.6%
75152$1,850+7.6%
75154$1,780+3.5%
75165Current$1,720—
75167$2,250+30.8%
75168$1,710−0.6%
76041$1,690−1.7%
76050$1,370−20.3%

Questions about ZIP 75165 rents

How much will Section 8 pay for a two-bedroom in ZIP 75165?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,720, that basic range is $1,548 to $1,892 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 75165 in?

ZIP 75165 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 75165 for FY 2027?

The two-bedroom FMR fell 5.0%, from $1,810 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 28.4%.

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