Grayson County/Tom Bean/75489

75489

ZIPSAFMR

Grayson County, TX

View on ZillowZillow

ZIP Investment Score

71Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,190	$1,220	8.2%
1 BR	$1,220	$1,250	3.5%
2 BR	$1,510	$1,320	5.4%
3 BR	$2,090	$1,530	5.9%
4 BR	$2,330	$1,870	2.1%
5 BR	$2,680	Not available	2.1%
6 BR	$3,081	Not available	2.1%
7 BR	$3,544	Not available	2.1%
8 BR	$4,075	Not available	2.1%

Purchase Price Calculator

Maximum purchase price

$134,235

Cost breakdown

+Likely effective rent$1,320

HUD FMR$1,510

Market rentUsed$1,320

Est. payment standard (92%)$1,390

-Principal and interest-$679

Loan amount$107,388

Down payment$26,847

Rate6.50%

Term30 years

-Operating costs-$441

Property taxes-$134

Insurance-$175

Utilities$0

HOA$0

Management-$132

=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

+$21,369(79.6% ROI)

Projected value

$144,556

Return breakdown

Property appreciation+$10,321

Loan principal paid down+$3,847

Rental cash flow+$7,200

5-year hold

+$36,501(136.0% ROI)

Projected value

$151,875

Return breakdown

Property appreciation+$17,640

Loan principal paid down+$6,861

Rental cash flow+$12,000

10-year hold

+$77,946(290.3% ROI)

Projected value

$171,832

Return breakdown

Property appreciation+$37,597

Loan principal paid down+$16,349

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.96ratio

FMR$1,190

Market$1,240

vs market-$50

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

0.96

1 BR

0.97ratio

FMR$1,220

Market$1,260

vs market-$40

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

0.97

2 BR

1.14ratio

FMR$1,510

Market$1,320

vs market+$190

FMR is above market; underwrite to market rent.

1.14

3 BR

1.37ratio

FMR$2,090

Market$1,530

vs market+$560

FMR is above market; underwrite to market rent.

1.37

4 BR

1.25ratio

FMR$2,330

Market$1,870

vs market+$460

FMR is above market; underwrite to market rent.

1.25

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 75489 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75489 (Tom Bean, TX) is $1,510 a month. That is up 10.2% from $1,370 in FY 2026. Tom Bean is in the Sherman-Denison, TX MSA. 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 metro-wide two-bedroom FMR of $1,395. Among 23 ZIP codes in Grayson County, 75489 has the 7th-highest two-bedroom rent (county range $1,100–$2,340). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75489 is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75489
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,100	$1,190	+8.2%	$1,071–$1,309
1BR	$1,100	$1,220	+10.9%	$1,098–$1,342
2BR	$1,370	$1,510	+10.2%	$1,359–$1,661
3BR	$1,910	$2,090	+9.4%	$1,881–$2,299
4BR	$2,190	$2,330	+6.4%	$2,097–$2,563

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75489
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,190	$1,220	$1,510	$2,090	$2,330
FY 2026	$1,100	$1,100	$1,370	$1,910	$2,190
FY 2025	$1,110	$1,160	$1,400	$1,950	$2,350
FY 2024	$940	$1,100	$1,290	$1,760	$2,190
FY 2023	$780	$960	$1,120	$1,510	$1,870

Two-bedroom rent in nearby Grayson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 75489
75058	$1,700	+12.6%
75076	$1,600	+6.0%
75090	$1,340	−11.3%
75091	$1,400	−7.3%
75092	$1,410	−6.6%
75414	$1,220	−19.2%
75459	$1,440	−4.6%
75479	$1,220	−19.2%
75489Current	$1,510	—
75490	$1,640	+8.6%
75491	$1,100	−27.2%
75495	$1,680	+11.3%

Questions about ZIP 75489 rents

How much will Section 8 pay for a two-bedroom in ZIP 75489?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,395, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,256 to $1,535 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. 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 75489 in?

ZIP 75489 is in the Sherman-Denison, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,395.

How much did fair market rent change in ZIP 75489 for FY 2027?

The two-bedroom FMR rose 10.2%, from $1,370 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 34.8%.

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