Johnson County/Granbury/76049

76049

ZIPSAFMR

Johnson County, TX

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ZIP Investment Score

56Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,250	$1,380	-0.5%
1 BR	$1,460	$1,490	1.7%
2 BR	$1,640	$1,630	0.4%
3 BR	$2,130	$1,780	-0.3%
4 BR	$2,710	$2,400	1.1%
5 BR	$3,116	Not available	1.1%
6 BR	$3,584	Not available	1.1%
7 BR	$4,122	Not available	1.1%
8 BR	$4,740	Not available	1.1%

Purchase Price Calculator

Maximum purchase price

$180,301

Cost breakdown

+Likely effective rent$1,630

HUD FMR$1,640

Market rentUsed$1,630

Est. payment standard (100%)$1,630

-Principal and interest-$912

Loan amount$144,241

Down payment$36,060

Rate6.50%

Term30 years

-Operating costs-$518

Property taxes-$180

Insurance-$175

Utilities$0

HOA$0

Management-$163

=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

+$26,231(72.7% ROI)

Projected value

$194,164

Return breakdown

Property appreciation+$13,863

Loan principal paid down+$5,168

Rental cash flow+$7,200

5-year hold

+$44,909(124.5% ROI)

Projected value

$203,994

Return breakdown

Property appreciation+$23,693

Loan principal paid down+$9,216

Rental cash flow+$12,000

10-year hold

+$96,458(267.5% ROI)

Projected value

$230,800

Return breakdown

Property appreciation+$50,499

Loan principal paid down+$21,959

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.86ratio

FMR$1,250

Market$1,460

vs market-$210

FMR is below market; voucher rent may lag private rents.

0.86

1 BR

0.97ratio

FMR$1,460

Market$1,510

vs market-$50

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

0.97

2 BR

1.01ratio

FMR$1,640

Market$1,630

vs market+$10

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

1.01

3 BR

1.20ratio

FMR$2,130

Market$1,780

vs market+$350

FMR is above market; underwrite to market rent.

1.20

4 BR

1.13ratio

FMR$2,710

Market$2,400

vs market+$310

FMR is above market; underwrite to market rent.

1.13

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 76049 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76049 (Granbury, TX) is $1,640 a month. That is up 2.5% from $1,600 in FY 2026. Granbury is in the Fort Worth-Arlington, TX HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 18 ZIP codes in Johnson County, 76049 has the 9th-highest two-bedroom rent (county range $1,160–$2,210). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76049 is 48% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76049
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,250	$1,250	0.0%	$1,125–$1,375
1BR	$1,400	$1,460	+4.3%	$1,314–$1,606
2BR	$1,600	$1,640	+2.5%	$1,476–$1,804
3BR	$1,930	$2,130	+10.4%	$1,917–$2,343
4BR	$2,500	$2,710	+8.4%	$2,439–$2,981

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76049
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,250	$1,460	$1,640	$2,130	$2,710
FY 2026	$1,250	$1,400	$1,600	$1,930	$2,500
FY 2025	$1,190	$1,270	$1,510	$1,940	$2,400
FY 2024	$1,270	$1,390	$1,620	$2,150	$2,620
FY 2023	$1,060	$1,190	$1,400	$1,850	$2,290

Two-bedroom rent in nearby Johnson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 76049
76031	$1,530	−6.7%
76033	$1,540	−6.1%
76035	$1,730	+5.5%
76036	$1,940	+18.3%
76044	$1,770	+7.9%
76049Current	$1,640	—
76050	$1,370	−16.5%
76058	$1,650	+0.6%
76059	$1,160	−29.3%
76061	$1,630	−0.6%
76063	$2,140	+30.5%
76065	$2,090	+27.4%

Questions about ZIP 76049 rents

How much will Section 8 pay for a two-bedroom in ZIP 76049?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,640, that basic range is $1,476 to $1,804 a month. 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 76049 in?

ZIP 76049 is in the Fort Worth-Arlington, TX HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 76049 for FY 2027?

The two-bedroom FMR rose 2.5%, from $1,600 in FY 2026 to $1,640 in FY 2027. Since FY 2023 it has risen 17.1%.

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