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Rains County/Lone Oak/75453

75453

ZIPSAFMR
Rains County, TX
Zillow

ZIP Investment Score

36Below average

095130300
BRFMR
Eff. Rent
0 BR$1,060$1,060
1 BR$1,110$1,110
2 BR$1,290$940
3 BR$1,660$920
4 BR$2,070$2,070
5 BR$2,381Not available
6 BR$2,738Not available
7 BR$3,148Not available
8 BR$3,620Not available

Purchase Price Calculator

Maximum purchase price
$77,767

Cost breakdown

+Likely effective rent$940
HUD FMR$1,290
Market rentUsed$940
Est. payment standard (90%)$1,160
-Principal and interest-$393
Loan amount$62,214
Down payment$15,553
Rate6.50%
Term30 years
-Operating costs-$347
Property taxes-$78
Insurance-$175
Utilities$0
HOA$0
Management-$94
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,409(99.1% ROI)
Projected value
$83,747
Return breakdown
Property appreciation+$5,980
Loan principal paid down+$2,229
Rental cash flow+$7,200
5-year hold
+$26,194(168.4% ROI)
Projected value
$87,986
Return breakdown
Property appreciation+$10,219
Loan principal paid down+$3,975
Rental cash flow+$12,000
10-year hold
+$55,253(355.2% ROI)
Projected value
$99,548
Return breakdown
Property appreciation+$21,781
Loan principal paid down+$9,471
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

2 BR
1.37
3 BR
1.80
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 75453 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75453 (Lone Oak, TX) is $1,290 a month. That is down 9.8% from $1,430 in FY 2026. Lone Oak is in the Rains 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 $1,014. Among 5 ZIP codes in Rains County, 75453 has the highest two-bedroom rent (county range $1,010–$1,290). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75453 is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75453
BedroomsFY 2027Change90–110% range
Studio$1,060−9.4%$954–$1,166
1BR$1,110−9.8%$999–$1,221
2BR$1,290−9.8%$1,161–$1,419
3BR$1,660−9.3%$1,494–$1,826
4BR$2,070−9.6%$1,863–$2,277

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75453
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,060$1,110$1,290$1,660$2,070
FY 2026$1,170$1,230$1,430$1,830$2,290
FY 2025$1,210$1,290$1,500$1,910$2,400
FY 2024$1,230$1,300$1,520$1,910$2,460
FY 2023$1,080$1,140$1,340$1,690$2,200

Two-bedroom rent in nearby Rains County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 75453
75410$1,060−17.8%
75440$1,090−15.5%
75453Current$1,290—
75472$1,010−21.7%
75497$1,190−7.8%

Questions about ZIP 75453 rents

How much will Section 8 pay for a two-bedroom in ZIP 75453?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,290 it would be $1,161 to $1,419. 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 75453 in?

ZIP 75453 is in the Rains County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 75453 for FY 2027?

The two-bedroom FMR fell 9.8%, from $1,430 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has fallen 3.7%.

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