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Somervell County/Granbury/76048

76048

ZIPSAFMR
Somervell County, TX
Zillow

ZIP Investment Score

87Below average

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,110
1 BR$1,180$1,280
2 BR$1,330$1,430
3 BR$1,730$1,890
4 BR$2,190$2,410
5 BR$2,519Not available
6 BR$2,896Not available
7 BR$3,331Not available
8 BR$3,830Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,330
Market rent$1,480
Est. payment standard (107%)Used$1,430
-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

Studio
0.83
1 BR
0.89
2 BR
0.90
3 BR
0.88
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 76048 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76048 (Granbury, TX) is $1,330 a month. That is up 2.3% from $1,300 in FY 2026. Granbury is in the Somervell 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 7 ZIP codes in Somervell County, 76048 has the 2nd-highest two-bedroom rent (county range $1,010–$1,540). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76048 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76048
BedroomsFY 2027Change90–110% range
Studio$1,0100.0%$909–$1,111
1BR$1,180+3.5%$1,062–$1,298
2BR$1,330+2.3%$1,197–$1,463
3BR$1,730+10.9%$1,557–$1,903
4BR$2,190+8.4%$1,971–$2,409

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76048
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,180$1,330$1,730$2,190
FY 2026$1,010$1,140$1,300$1,560$2,020
FY 2025$980$1,050$1,250$1,510$1,980
FY 2024area FMR$786$813$1,010$1,423$1,501
FY 2023area FMR$722$785$957$1,360$1,408

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

Two-bedroom rent in nearby Somervell County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 76048
76033$1,540+15.8%
76043$1,010−24.1%
76048Current$1,330—
76070$1,270−4.5%
76077$1,270−4.5%
76433$1,280−3.8%
76690$1,180−11.3%

Questions about ZIP 76048 rents

How much will Section 8 pay for a two-bedroom in ZIP 76048?

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 $1,330 it would be $1,197 to $1,463. 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 76048 in?

ZIP 76048 is in the Somervell 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 76048 for FY 2027?

The two-bedroom FMR rose 2.3%, from $1,300 in FY 2026 to $1,330 in FY 2027. Since FY 2025 it has risen 6.4%.

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