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Archer County/Wichita Falls/76302

76302

ZIPSAFMR
Archer County, TX
Zillow

ZIP Investment Score

113Above average

095130300
BRFMR
Eff. Rent
0 BR$840$700
1 BR$940$730
2 BR$1,140$1,060
3 BR$1,530$1,670
4 BR$1,730$1,900
5 BR$1,989Not available
6 BR$2,288Not available
7 BR$2,631Not available
8 BR$3,026Not available

Purchase Price Calculator

Maximum purchase price
$95,599

Cost breakdown

+Likely effective rent$1,060
HUD FMR$1,140
Market rentUsed$1,060
Est. payment standard (95%)$1,090
-Principal and interest-$483
Loan amount$76,479
Down payment$19,120
Rate6.50%
Term30 years
-Operating costs-$377
Property taxes-$96
Insurance-$175
Utilities$0
HOA$0
Management-$106
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,291(90.4% ROI)
Projected value
$102,950
Return breakdown
Property appreciation+$7,351
Loan principal paid down+$2,740
Rental cash flow+$7,200
5-year hold
+$29,449(154.0% ROI)
Projected value
$108,162
Return breakdown
Property appreciation+$12,563
Loan principal paid down+$4,886
Rental cash flow+$12,000
10-year hold
+$62,419(326.5% ROI)
Projected value
$122,375
Return breakdown
Property appreciation+$26,776
Loan principal paid down+$11,643
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.20
1 BR
1.29
2 BR
1.08
3 BR
0.87
4 BR
0.77
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 76302 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76302 (Wichita Falls, TX) is $1,140 a month. That is down 1.7% from $1,160 in FY 2026. Wichita Falls is in the Wichita Falls, 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 $1,145. Among 10 ZIP codes in Archer County, 76302 has the 3rd-highest two-bedroom rent (county range $1,030–$1,250). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76302 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76302
BedroomsFY 2027Change90–110% range
Studio$840−1.2%$756–$924
1BR$9400.0%$846–$1,034
2BR$1,140−1.7%$1,026–$1,254
3BR$1,530−3.8%$1,377–$1,683
4BR$1,730−3.9%$1,557–$1,903

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76302
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$940$1,140$1,530$1,730
FY 2026$850$940$1,160$1,590$1,800
FY 2025$870$940$1,160$1,590$1,800
FY 2024$830$880$1,080$1,480$1,680
FY 2023$740$800$980$1,320$1,520

Two-bedroom rent in nearby Archer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 76302
76302Current$1,140—
76308$1,250+9.6%
76310$1,220+7.0%
76351$1,030−9.6%
76360$1,030−9.6%
76366$1,030−9.6%
76370$1,030−9.6%
76374$1,030−9.6%
76379$1,120−1.8%
76389$1,080−5.3%

Questions about ZIP 76302 rents

How much will Section 8 pay for a two-bedroom in ZIP 76302?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,145, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,031 to $1,260 a month; under the ZIP-level Small Area FMR of $1,140 it would be $1,026 to $1,254. 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 76302 in?

ZIP 76302 is in the Wichita Falls, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,145.

How much did fair market rent change in ZIP 76302 for FY 2027?

The two-bedroom FMR fell 1.7%, from $1,160 in FY 2026 to $1,140 in FY 2027. Since FY 2023 it has risen 16.3%.

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