75168

ZIPSAFMR

Ellis County, TX

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,410	$1,480	2.5%
1 BR	$1,450	$1,340	1.9%
2 BR	$1,710	$1,720	2.0%
3 BR	$2,150	$1,860	1.9%
4 BR	$2,740	$2,250	1.6%
5 BR	$3,151	Not available	1.6%
6 BR	$3,624	Not available	1.6%
7 BR	$4,167	Not available	1.6%
8 BR	$4,792	Not available	1.6%

Purchase Price Calculator

Maximum purchase price

$193,675

Cost breakdown

+Likely effective rent$1,720

HUD FMR$1,710

Market rent$1,730

Est. payment standard (101%)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

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

+$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

Rolodex

Market Alignment

Studio

0.93ratio

FMR$1,410

Market$1,510

vs market-$100

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

0.93

1 BR

1.08ratio

FMR$1,450

Market$1,340

vs market+$110

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

1.08

2 BR

0.99ratio

FMR$1,710

Market$1,730

vs market-$20

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

0.99

3 BR

1.16ratio

FMR$2,150

Market$1,860

vs market+$290

FMR is above market; underwrite to market rent.

1.16

4 BR

1.22ratio

FMR$2,740

Market$2,250

vs market+$490

FMR is above market; underwrite to market rent.

1.22

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 75168 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75168 (Waxahachie, TX) is $1,710 a month. That is down 4.5% from $1,790 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, 75168 has the 11th-highest two-bedroom rent (county range $1,100–$2,250). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75168 is 55% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75168
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,470	$1,410	−4.1%	$1,269–$1,551
1BR	$1,530	$1,450	−5.2%	$1,305–$1,595
2BR	$1,790	$1,710	−4.5%	$1,539–$1,881
3BR	$2,250	$2,150	−4.4%	$1,935–$2,365
4BR	$2,870	$2,740	−4.5%	$2,466–$3,014

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75168
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,410	$1,450	$1,710	$2,150	$2,740
FY 2026	$1,470	$1,530	$1,790	$2,250	$2,870
FY 2025	$1,410	$1,480	$1,740	$2,180	$2,800
FY 2024	$1,310	$1,370	$1,610	$2,030	$2,610
FY 2023	$1,150	$1,210	$1,430	$1,800	$2,350

Two-bedroom rent in nearby Ellis County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 75168
75101	$1,420	−17.0%
75104	$2,160	+26.3%
75119	$1,460	−14.6%
75125	$1,340	−21.6%
75146	$1,850	+8.2%
75152	$1,850	+8.2%
75154	$1,780	+4.1%
75165	$1,720	+0.6%
75167	$2,250	+31.6%
75168Current	$1,710	—
76041	$1,690	−1.2%
76050	$1,370	−19.9%

Questions about ZIP 75168 rents

How much will Section 8 pay for a two-bedroom in ZIP 75168?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,710, that basic range is $1,539 to $1,881 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 75168 in?

ZIP 75168 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 75168 for FY 2027?

The two-bedroom FMR fell 4.5%, from $1,790 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 19.6%.

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