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Smith County/Tyler/75705

75705

ZIPSAFMR
Smith County, TX
Zillow

ZIP Investment Score

107Above average

095130300
BRFMR
Eff. Rent
0 BR$1,260$1,260
1 BR$1,400$1,400
2 BR$1,720$1,430
3 BR$2,310$2,310
4 BR$2,550$2,550
5 BR$2,933Not available
6 BR$3,372Not available
7 BR$3,878Not available
8 BR$4,460Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,720
Market rentUsed$1,430
Est. payment standard (90%)$1,550
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

2 BR
1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 75705 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75705 (Tyler, TX) is $1,720 a month. That is down 9.9% from $1,910 in FY 2026. Tyler is in the Tyler, 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 $1,277. Among 26 ZIP codes in Smith County, 75705 has the highest two-bedroom rent (county range $1,210–$1,720). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75705 is 56% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75705
BedroomsFY 2027Change90–110% range
Studio$1,260−10.0%$1,134–$1,386
1BR$1,400−9.7%$1,260–$1,540
2BR$1,720−9.9%$1,548–$1,892
3BR$2,310−9.8%$2,079–$2,541
4BR$2,550−9.9%$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75705
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,400$1,720$2,310$2,550
FY 2026$1,400$1,550$1,910$2,560$2,830
FY 2025$980$1,050$1,300$1,720$1,940
FY 2024$950$990$1,220$1,610$1,870
FY 2023$910$920$1,130$1,460$1,760

Two-bedroom rent in nearby Smith County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 75705
75701$1,340−22.1%
75702$1,210−29.7%
75703$1,440−16.3%
75704$1,240−27.9%
75705Current$1,720—
75706$1,210−29.7%
75707$1,490−13.4%
75708$1,210−29.7%
75709$1,310−23.8%
75710$1,280−25.6%
75711$1,340−22.1%
75712$1,280−25.6%

Questions about ZIP 75705 rents

How much will Section 8 pay for a two-bedroom in ZIP 75705?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,277, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,149 to $1,405 a month; under the ZIP-level Small Area FMR of $1,720 it would be $1,548 to $1,892. 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 75705 in?

ZIP 75705 is in the Tyler, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,277.

How much did fair market rent change in ZIP 75705 for FY 2027?

The two-bedroom FMR fell 9.9%, from $1,910 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 52.2%.

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