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Houston County/Kennard/75847

75847

ZIPSAFMR
Houston County, TX
Zillow

ZIP Investment Score

127Above average

095130300
BRFMR
Eff. Rent
0 BR$970$970
1 BR$1,030$1,030
2 BR$1,280$1,280
3 BR$1,580$1,580
4 BR$1,720$1,720
5 BR$1,978Not available
6 BR$2,275Not available
7 BR$2,616Not available
8 BR$3,008Not available

Purchase Price Calculator

Maximum purchase price
$128,291

Cost breakdown

+Likely effective rent$1,280
HUD FMRUsed$1,280
Market rentN/A
Est. payment standardN/A
-Principal and interest-$649
Loan amount$102,633
Down payment$25,658
Rate6.50%
Term30 years
-Operating costs-$431
Property taxes-$128
Insurance-$175
Utilities$0
HOA$0
Management-$128
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,741(80.8% ROI)
Projected value
$138,155
Return breakdown
Property appreciation+$9,864
Loan principal paid down+$3,677
Rental cash flow+$7,200
5-year hold
+$35,416(138.0% ROI)
Projected value
$145,149
Return breakdown
Property appreciation+$16,858
Loan principal paid down+$6,557
Rental cash flow+$12,000
10-year hold
+$75,557(294.5% ROI)
Projected value
$164,223
Return breakdown
Property appreciation+$35,932
Loan principal paid down+$15,625
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 75847 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75847 (Kennard, TX) is $1,280 a month. That is up 5.8% from $1,210 in FY 2026. Kennard is in the Houston 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 $1,046. Among 8 ZIP codes in Houston County, 75847 is tied for the 2nd-highest two-bedroom rent (county range $1,010–$1,330). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75847 is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 75847
BedroomsFY 2027Change90–110% range
Studio$970+5.4%$873–$1,067
1BR$1,030+10.8%$927–$1,133
2BR$1,280+5.8%$1,152–$1,408
3BR$1,580+6.8%$1,422–$1,738
4BR$1,720+5.5%$1,548–$1,892

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 75847
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$970$1,030$1,280$1,580$1,720
FY 2026$920$930$1,210$1,480$1,630
FY 2025$880$890$1,160$1,420$1,590
FY 2024area FMR$708$712$926$1,148$1,233
FY 2023area FMR$623$635$826$1,007$1,110

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

Two-bedroom rent in nearby Houston County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 75847
75835$1,050−18.0%
75839$1,330+3.9%
75844$1,010−21.1%
75847Current$1,280—
75849$1,050−18.0%
75851$1,090−14.8%
75858$1,2800.0%
75862$1,090−14.8%

Questions about ZIP 75847 rents

How much will Section 8 pay for a two-bedroom in ZIP 75847?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,046, which applies unless the housing authority uses Small Area FMRs, that basic range is $941 to $1,151 a month; under the ZIP-level Small Area FMR of $1,280 it would be $1,152 to $1,408. 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 75847 in?

ZIP 75847 is in the Houston County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,046.

How much did fair market rent change in ZIP 75847 for FY 2027?

The two-bedroom FMR rose 5.8%, from $1,210 in FY 2026 to $1,280 in FY 2027. Since FY 2025 it has risen 10.3%.

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