Fannin County/Blue Ridge/75424

75424

ZIPSAFMR

Fannin County, TX

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ZIP Investment Score

66Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,330	$1,450	0.5%
1 BR	$1,370	$1,400	0.0%
2 BR	$1,620	$1,590	0.2%
3 BR	$2,040	$1,910	0.2%
4 BR	$2,590	$2,140	-0.3%
5 BR	$2,978	Not available	-0.3%
6 BR	$3,425	Not available	-0.3%
7 BR	$3,939	Not available	-0.3%
8 BR	$4,530	Not available	-0.3%

Purchase Price Calculator

Maximum purchase price

$174,357

Cost breakdown

+Likely effective rent$1,590

HUD FMR$1,620

Market rentUsed$1,590

Est. payment standard (99%)$1,600

-Principal and interest-$882

Loan amount$139,485

Down payment$34,871

Rate6.50%

Term30 years

-Operating costs-$508

Property taxes-$174

Insurance-$175

Utilities$0

HOA$0

Management-$159

=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

+$25,604(73.4% ROI)

Projected value

$187,763

Return breakdown

Property appreciation+$13,406

Loan principal paid down+$4,997

Rental cash flow+$7,200

5-year hold

+$43,824(125.7% ROI)

Projected value

$197,269

Return breakdown

Property appreciation+$22,912

Loan principal paid down+$8,912

Rental cash flow+$12,000

10-year hold

+$94,070(269.8% ROI)

Projected value

$223,192

Return breakdown

Property appreciation+$48,835

Loan principal paid down+$21,235

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.88ratio

FMR$1,330

Market$1,520

vs market-$190

FMR is below market; voucher rent may lag private rents.

0.88

1 BR

0.97ratio

FMR$1,370

Market$1,410

vs market-$40

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

0.97

2 BR

1.02ratio

FMR$1,620

Market$1,590

vs market+$30

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

1.02

3 BR

1.07ratio

FMR$2,040

Market$1,910

vs market+$130

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

1.07

4 BR

1.21ratio

FMR$2,590

Market$2,140

vs market+$450

FMR is above market; underwrite to market rent.

1.21

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 75424 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75424 (Blue Ridge, TX) is $1,620 a month. That is down 5.8% from $1,720 in FY 2026. Blue Ridge is in the Fannin County, TX non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,093. Among 21 ZIP codes in Fannin County, 75424 has the 2nd-highest two-bedroom rent (county range $1,010–$1,640). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75424 is 47% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75424
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,400	$1,330	−5.0%	$1,197–$1,463
1BR	$1,460	$1,370	−6.2%	$1,233–$1,507
2BR	$1,720	$1,620	−5.8%	$1,458–$1,782
3BR	$2,170	$2,040	−6.0%	$1,836–$2,244
4BR	$2,760	$2,590	−6.2%	$2,331–$2,849

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75424
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,330	$1,370	$1,620	$2,040	$2,590
FY 2026	$1,400	$1,460	$1,720	$2,170	$2,760
FY 2025	$1,370	$1,440	$1,690	$2,130	$2,730
FY 2024	$1,310	$1,370	$1,610	$2,030	$2,610
FY 2023	$1,210	$1,270	$1,500	$1,890	$2,470

Two-bedroom rent in nearby Fannin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 75424
75413	$1,220	−24.7%
75414	$1,220	−24.7%
75418	$1,090	−32.7%
75423	$1,240	−23.5%
75424Current	$1,620	—
75438	$1,090	−32.7%
75439	$1,120	−30.9%
75443	$1,090	−32.7%
75446	$1,010	−37.7%
75447	$1,010	−37.7%
75449	$1,150	−29.0%
75452	$1,240	−23.5%

Questions about ZIP 75424 rents

How much will Section 8 pay for a two-bedroom in ZIP 75424?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,093, which applies unless the housing authority uses Small Area FMRs, that basic range is $984 to $1,202 a month; under the ZIP-level Small Area FMR of $1,620 it would be $1,458 to $1,782. 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 75424 in?

ZIP 75424 is in the Fannin County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,093.

How much did fair market rent change in ZIP 75424 for FY 2027?

The two-bedroom FMR fell 5.8%, from $1,720 in FY 2026 to $1,620 in FY 2027. Since FY 2023 it has risen 8.0%.

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