76098

ZIPSAFMR

Parker County, TX

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,450	$1,340	6.5%
1 BR	$1,470	$1,380	3.9%
2 BR	$1,730	$1,520	4.2%
3 BR	$2,260	$1,910	3.6%
4 BR	$2,840	$2,390	4.8%
5 BR	$3,266	Not available	4.8%
6 BR	$3,756	Not available	4.8%
7 BR	$4,319	Not available	4.8%
8 BR	$4,967	Not available	4.8%

Purchase Price Calculator

Maximum purchase price

$163,955

Cost breakdown

+Likely effective rent$1,520

HUD FMR$1,730

Market rentUsed$1,520

Est. payment standard (92%)$1,590

-Principal and interest-$829

Loan amount$131,164

Down payment$32,791

Rate6.50%

Term30 years

-Operating costs-$491

Property taxes-$164

Insurance-$175

Utilities$0

HOA$0

Management-$152

=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

+$24,506(74.7% ROI)

Projected value

$176,561

Return breakdown

Property appreciation+$12,607

Loan principal paid down+$4,699

Rental cash flow+$7,200

5-year hold

+$41,925(127.9% ROI)

Projected value

$185,500

Return breakdown

Property appreciation+$21,545

Loan principal paid down+$8,380

Rental cash flow+$12,000

10-year hold

+$89,889(274.1% ROI)

Projected value

$209,876

Return breakdown

Property appreciation+$45,921

Loan principal paid down+$19,968

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.08ratio

FMR$1,450

Market$1,340

vs market+$110

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

1.08

1 BR

1.07ratio

FMR$1,470

Market$1,380

vs market+$90

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

1.07

2 BR

1.14ratio

FMR$1,730

Market$1,520

vs market+$210

FMR is above market; underwrite to market rent.

1.14

3 BR

1.18ratio

FMR$2,260

Market$1,910

vs market+$350

FMR is above market; underwrite to market rent.

1.18

4 BR

1.19ratio

FMR$2,840

Market$2,390

vs market+$450

FMR is above market; underwrite to market rent.

1.19

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 76098 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76098 (Azle, TX) is $1,730 a month. That is up 3.0% from $1,680 in FY 2026. Azle 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, 76098 is tied for the 7th-highest two-bedroom rent (county range $1,070–$2,620). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76098 is 57% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76098
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,390	$1,450	+4.3%	$1,305–$1,595
1BR	$1,440	$1,470	+2.1%	$1,323–$1,617
2BR	$1,680	$1,730	+3.0%	$1,557–$1,903
3BR	$2,220	$2,260	+1.8%	$2,034–$2,486
4BR	$2,740	$2,840	+3.6%	$2,556–$3,124

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76098
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,450	$1,470	$1,730	$2,260	$2,840
FY 2026	$1,390	$1,440	$1,680	$2,220	$2,740
FY 2025	$1,300	$1,390	$1,620	$2,140	$2,620
FY 2024	$1,200	$1,310	$1,530	$2,030	$2,470
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 code	2 bedroom	vs. 76098
76035	$1,730	0.0%
76049	$1,640	−5.2%
76066	$1,120	−35.3%
76067	$1,150	−33.5%
76082	$1,490	−13.9%
76085	$1,980	+14.5%
76086	$1,700	−1.7%
76087	$2,040	+17.9%
76088	$1,680	−2.9%
76098Current	$1,730	—
76108	$1,740	+0.6%
76126	$1,960	+13.3%

Questions about ZIP 76098 rents

How much will Section 8 pay for a two-bedroom in ZIP 76098?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 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 76098 in?

ZIP 76098 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 76098 for FY 2027?

The two-bedroom FMR rose 3.0%, from $1,680 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 24.5%.

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