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Collin County/Melissa/75454

75454

ZIPSAFMR
Collin County, TX
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$2,240$1,390
1 BR$2,300$1,510
2 BR$2,710$1,890
3 BR$3,410$2,040
4 BR$4,340$2,390
5 BR$4,991Not available
6 BR$5,740Not available
7 BR$6,601Not available
8 BR$7,591Not available

Purchase Price Calculator

Maximum purchase price
$218,937

Cost breakdown

+Likely effective rent$1,890
HUD FMR$2,710
Market rentUsed$1,890
Est. payment standard (90%)$2,440
-Principal and interest-$1,107
Loan amount$175,149
Down payment$43,787
Rate6.50%
Term30 years
-Operating costs-$583
Property taxes-$219
Insurance-$175
Utilities$0
HOA$0
Management-$189
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,309(69.2% ROI)
Projected value
$235,771
Return breakdown
Property appreciation+$16,834
Loan principal paid down+$6,275
Rental cash flow+$7,200
5-year hold
+$51,960(118.7% ROI)
Projected value
$247,707
Return breakdown
Property appreciation+$28,770
Loan principal paid down+$11,190
Rental cash flow+$12,000
10-year hold
+$111,985(255.7% ROI)
Projected value
$280,258
Return breakdown
Property appreciation+$61,321
Loan principal paid down+$26,665
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.61
1 BR
1.52
2 BR
1.43
3 BR
1.67
4 BR
1.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 75454 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75454 (Melissa, TX) is $2,710 a month. That is down 6.2% from $2,890 in FY 2026. Melissa 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, 75454 is tied for the highest two-bedroom rent (county range $1,100–$2,710). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75454 is 145% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75454
BedroomsFY 2027Change90–110% range
Studio$2,240−5.5%$2,016–$2,464
1BR$2,300−6.9%$2,070–$2,530
2BR$2,710−6.2%$2,439–$2,981
3BR$3,410−6.3%$3,069–$3,751
4BR$4,340−6.3%$3,906–$4,774

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75454
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,240$2,300$2,710$3,410$4,340
FY 2026$2,370$2,470$2,890$3,640$4,630
FY 2025$2,300$2,410$2,830$3,550$4,560
FY 2024$2,140$2,250$2,640$3,320$4,280
FY 2023$1,890$1,990$2,350$2,960$3,860

Two-bedroom rent in nearby Collin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 75454
75287$1,990−26.6%
75370$2,070−23.6%
75379$2,070−23.6%
75407$2,230−17.7%
75409$2,300−15.1%
75424$1,620−40.2%
75442$1,650−39.1%
75452$1,240−54.2%
75454Current$2,710—
75485$2,070−23.6%
75491$1,100−59.4%
75495$1,680−38.0%

Questions about ZIP 75454 rents

How much will Section 8 pay for a two-bedroom in ZIP 75454?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,710, that basic range is $2,439 to $2,981 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 75454 in?

ZIP 75454 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 75454 for FY 2027?

The two-bedroom FMR fell 6.2%, from $2,890 in FY 2026 to $2,710 in FY 2027. Since FY 2023 it has risen 15.3%.

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