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Grayson County/Gainesville/76240

76240

ZIPSAFMR
Grayson County, TX
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$1,020$1,120
1 BR$1,020$1,120
2 BR$1,340$1,390
3 BR$1,700$1,810
4 BR$1,950$2,150
5 BR$2,243Not available
6 BR$2,579Not available
7 BR$2,966Not available
8 BR$3,411Not available

Purchase Price Calculator

Maximum purchase price
$144,637

Cost breakdown

+Likely effective rent$1,390
HUD FMR$1,340
Market rent$1,420
Est. payment standard (104%)Used$1,390
-Principal and interest-$731
Loan amount$115,710
Down payment$28,927
Rate6.50%
Term30 years
-Operating costs-$459
Property taxes-$145
Insurance-$175
Utilities$0
HOA$0
Management-$139
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,467(77.7% ROI)
Projected value
$155,758
Return breakdown
Property appreciation+$11,121
Loan principal paid down+$4,146
Rental cash flow+$7,200
5-year hold
+$38,399(132.7% ROI)
Projected value
$163,643
Return breakdown
Property appreciation+$19,006
Loan principal paid down+$7,393
Rental cash flow+$12,000
10-year hold
+$82,126(283.9% ROI)
Projected value
$185,148
Return breakdown
Property appreciation+$40,511
Loan principal paid down+$17,615
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.81
2 BR
0.94
3 BR
0.91
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 76240 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76240 (Gainesville, TX) is $1,340 a month. That is up 4.7% from $1,280 in FY 2026. Gainesville is in the Sherman-Denison, TX MSA. 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 metro-wide two-bedroom FMR of $1,395. Among 23 ZIP codes in Grayson County, 76240 is tied for the 14th-highest two-bedroom rent (county range $1,100–$2,340). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76240 is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76240
BedroomsFY 2027Change90–110% range
Studio$1,020+5.2%$918–$1,122
1BR$1,020+1.0%$918–$1,122
2BR$1,340+4.7%$1,206–$1,474
3BR$1,700+0.6%$1,530–$1,870
4BR$1,950−3.9%$1,755–$2,145

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76240
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,020$1,340$1,700$1,950
FY 2026$970$1,010$1,280$1,690$2,030
FY 2025$900$990$1,190$1,590$1,980
FY 2024$940$1,100$1,290$1,760$2,190
FY 2023$730$900$1,050$1,420$1,750

Two-bedroom rent in nearby Grayson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 76240
75489$1,510+12.7%
75490$1,640+22.4%
75491$1,100−17.9%
75495$1,680+25.4%
76233$1,250−6.7%
76240Current$1,340—
76245$1,260−6.0%
76258$1,500+11.9%
76264$1,220−9.0%
76268$1,390+3.7%
76271$1,870+39.6%
76273$1,310−2.2%

Questions about ZIP 76240 rents

How much will Section 8 pay for a two-bedroom in ZIP 76240?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,395, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,256 to $1,535 a month; under the ZIP-level Small Area FMR of $1,340 it would be $1,206 to $1,474. 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 76240 in?

ZIP 76240 is in the Sherman-Denison, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,395.

How much did fair market rent change in ZIP 76240 for FY 2027?

The two-bedroom FMR rose 4.7%, from $1,280 in FY 2026 to $1,340 in FY 2027. Since FY 2023 it has risen 27.6%.

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