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Parker County/Weatherford/76087

76087

ZIPSAFMR
Parker County, TX
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$1,700$1,230
1 BR$1,730$1,340
2 BR$2,040$1,470
3 BR$2,670$2,090
4 BR$3,350$2,530
5 BR$3,852Not available
6 BR$4,430Not available
7 BR$5,095Not available
8 BR$5,859Not available

Purchase Price Calculator

Maximum purchase price
$156,525

Cost breakdown

+Likely effective rent$1,470
HUD FMR$2,040
Market rentUsed$1,470
Est. payment standard (90%)$1,840
-Principal and interest-$791
Loan amount$125,220
Down payment$31,305
Rate6.50%
Term30 years
-Operating costs-$479
Property taxes-$157
Insurance-$175
Utilities$0
HOA$0
Management-$147
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,722(75.8% ROI)
Projected value
$168,560
Return breakdown
Property appreciation+$12,035
Loan principal paid down+$4,486
Rental cash flow+$7,200
5-year hold
+$40,569(129.6% ROI)
Projected value
$177,094
Return breakdown
Property appreciation+$20,569
Loan principal paid down+$8,000
Rental cash flow+$12,000
10-year hold
+$86,904(277.6% ROI)
Projected value
$200,365
Return breakdown
Property appreciation+$43,840
Loan principal paid down+$19,063
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.38
1 BR
1.29
2 BR
1.39
3 BR
1.28
4 BR
1.32
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 76087 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76087 (Weatherford, TX) is $2,040 a month. That is up 4.6% from $1,950 in FY 2026. Weatherford 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 21 ZIP codes in Parker County, 76087 has the 3rd-highest two-bedroom rent (county range $1,070–$2,620). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76087 is 85% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76087
BedroomsFY 2027Change90–110% range
Studio$1,700+5.6%$1,530–$1,870
1BR$1,730+3.6%$1,557–$1,903
2BR$2,040+4.6%$1,836–$2,244
3BR$2,670+3.9%$2,403–$2,937
4BR$3,350+5.3%$3,015–$3,685

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76087
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,700$1,730$2,040$2,670$3,350
FY 2026$1,610$1,670$1,950$2,570$3,180
FY 2025$1,490$1,590$1,850$2,450$2,990
FY 2024$1,390$1,520$1,780$2,360$2,880
FY 2023$1,270$1,420$1,680$2,220$2,750

Two-bedroom rent in nearby Parker County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 76087
76035$1,730−15.2%
76049$1,640−19.6%
76066$1,120−45.1%
76067$1,150−43.6%
76082$1,490−27.0%
76085$1,980−2.9%
76086$1,700−16.7%
76087Current$2,040—
76088$1,680−17.6%
76098$1,730−15.2%
76108$1,740−14.7%
76126$1,960−3.9%

Questions about ZIP 76087 rents

How much will Section 8 pay for a two-bedroom in ZIP 76087?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,040, that basic range is $1,836 to $2,244 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 76087 in?

ZIP 76087 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 76087 for FY 2027?

The two-bedroom FMR rose 4.6%, from $1,950 in FY 2026 to $2,040 in FY 2027. Since FY 2023 it has risen 21.4%.

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