Skip to main content
Loading page
Morris County/Mount Pleasant/75455

75455

ZIPSAFMR
Morris County, TX
Zillow

ZIP Investment Score

72Below average

095130300
BRFMR
Eff. Rent
0 BR$830$910
1 BR$870$960
2 BR$1,050$1,160
3 BR$1,370$1,510
4 BR$1,470$1,620
5 BR$1,690Not available
6 BR$1,944Not available
7 BR$2,236Not available
8 BR$2,571Not available

Purchase Price Calculator

Maximum purchase price
$110,459

Cost breakdown

+Likely effective rent$1,160
HUD FMR$1,050
Market rent$1,610
Est. payment standard (110%)Used$1,160
-Principal and interest-$559
Loan amount$88,367
Down payment$22,092
Rate6.50%
Term30 years
-Operating costs-$401
Property taxes-$110
Insurance-$175
Utilities$0
HOA$0
Management-$116
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,859(85.4% ROI)
Projected value
$118,952
Return breakdown
Property appreciation+$8,493
Loan principal paid down+$3,166
Rental cash flow+$7,200
5-year hold
+$32,161(145.6% ROI)
Projected value
$124,974
Return breakdown
Property appreciation+$14,515
Loan principal paid down+$5,646
Rental cash flow+$12,000
10-year hold
+$68,391(309.6% ROI)
Projected value
$141,397
Return breakdown
Property appreciation+$30,938
Loan principal paid down+$13,453
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.61
1 BR
0.63
2 BR
0.65
3 BR
0.67
4 BR
0.67
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 75455 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75455 (Mount Pleasant, TX) is $1,050 a month. That is up 8.2% from $970 in FY 2026. Mount Pleasant is in the Morris 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 9 ZIP codes in Morris County, 75455 has the 3rd-highest two-bedroom rent (county range $1,010–$1,080). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75455 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75455
BedroomsFY 2027Change90–110% range
Studio$830+7.8%$747–$913
1BR$870+11.5%$783–$957
2BR$1,050+8.2%$945–$1,155
3BR$1,370+8.7%$1,233–$1,507
4BR$1,470+3.5%$1,323–$1,617

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75455
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$870$1,050$1,370$1,470
FY 2026$770$780$970$1,260$1,420
FY 2025$760$760$1,000$1,210$1,480
FY 2024area FMR$684$689$905$1,249$1,443
FY 2023area FMR$552$628$826$1,174$1,324

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Morris County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 75455
75455Current$1,050—
75558$1,040−1.0%
75568$1,060+1.0%
75571$1,020−2.9%
75636$1,010−3.8%
75638$1,010−3.8%
75656$1,010−3.8%
75668$1,020−2.9%
75686$1,080+2.9%

Questions about ZIP 75455 rents

How much will Section 8 pay for a two-bedroom in ZIP 75455?

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 $1,050 it would be $945 to $1,155. 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 75455 in?

ZIP 75455 is in the Morris 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 75455 for FY 2027?

The two-bedroom FMR rose 8.2%, from $970 in FY 2026 to $1,050 in FY 2027. Since FY 2025 it has risen 5.0%.

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