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Parker County/Weatherford/76088

76088

ZIPSAFMR
Parker County, TX
Zillow

ZIP Investment Score

43Below average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,420
1 BR$1,430$1,460
2 BR$1,680$1,530
3 BR$2,200$1,810
4 BR$2,760$2,830
5 BR$3,174Not available
6 BR$3,650Not available
7 BR$4,198Not available
8 BR$4,827Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,680
Market rentUsed$1,530
Est. payment standard (94%)$1,580
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.99
1 BR
0.97
2 BR
1.10
3 BR
1.22
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 76088 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76088 (Weatherford, TX) is $1,680 a month. That is up 2.4% from $1,640 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, 76088 has the 12th-highest two-bedroom rent (county range $1,070–$2,620). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76088 is 52% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76088
BedroomsFY 2027Change90–110% range
Studio$1,410+3.7%$1,269–$1,551
1BR$1,430+2.1%$1,287–$1,573
2BR$1,680+2.4%$1,512–$1,848
3BR$2,200+1.9%$1,980–$2,420
4BR$2,760+3.0%$2,484–$3,036

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76088
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,430$1,680$2,200$2,760
FY 2026$1,360$1,400$1,640$2,160$2,680
FY 2025$1,270$1,350$1,580$2,090$2,550
FY 2024$1,190$1,300$1,520$2,020$2,460
FY 2023$1,050$1,180$1,390$1,840$2,280

Two-bedroom rent in nearby Parker County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 76088
76035$1,730+3.0%
76049$1,640−2.4%
76066$1,120−33.3%
76067$1,150−31.5%
76082$1,490−11.3%
76085$1,980+17.9%
76086$1,700+1.2%
76087$2,040+21.4%
76088Current$1,680—
76098$1,730+3.0%
76108$1,740+3.6%
76126$1,960+16.7%

Questions about ZIP 76088 rents

How much will Section 8 pay for a two-bedroom in ZIP 76088?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,680, that basic range is $1,512 to $1,848 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 76088 in?

ZIP 76088 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 76088 for FY 2027?

The two-bedroom FMR rose 2.4%, from $1,640 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 20.9%.

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