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Clay County/Windthorst/76389

76389

ZIPSAFMR
Clay County, TX
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$790$790
1 BR$900$900
2 BR$1,080$1,080
3 BR$1,450$1,450
4 BR$1,630$1,630
5 BR$1,874Not available
6 BR$2,156Not available
7 BR$2,479Not available
8 BR$2,851Not available

Purchase Price Calculator

Maximum purchase price
$98,571

Cost breakdown

+Likely effective rent$1,080
HUD FMRUsed$1,080
Market rentN/A
Est. payment standardN/A
-Principal and interest-$498
Loan amount$78,857
Down payment$19,714
Rate6.50%
Term30 years
-Operating costs-$382
Property taxes-$99
Insurance-$175
Utilities$0
HOA$0
Management-$108
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,604(89.3% ROI)
Projected value
$106,150
Return breakdown
Property appreciation+$7,579
Loan principal paid down+$2,825
Rental cash flow+$7,200
5-year hold
+$29,991(152.1% ROI)
Projected value
$111,524
Return breakdown
Property appreciation+$12,953
Loan principal paid down+$5,038
Rental cash flow+$12,000
10-year hold
+$63,613(322.7% ROI)
Projected value
$126,179
Return breakdown
Property appreciation+$27,608
Loan principal paid down+$12,005
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 76389 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76389 (Windthorst, TX) is $1,080 a month. That is up 8.0% from $1,000 in FY 2026. Windthorst 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 11 ZIP codes in Clay County, 76389 has the 5th-highest two-bedroom rent (county range $1,030–$1,270). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76389 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76389
BedroomsFY 2027Change90–110% range
Studio$790+5.3%$711–$869
1BR$900+11.1%$810–$990
2BR$1,080+8.0%$972–$1,188
3BR$1,450+6.6%$1,305–$1,595
4BR$1,630+5.8%$1,467–$1,793

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76389
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$900$1,080$1,450$1,630
FY 2026$750$810$1,000$1,360$1,540
FY 2025$720$760$940$1,280$1,450
FY 2024$700$740$910$1,240$1,410
FY 2023$620$680$830$1,120$1,280

Two-bedroom rent in nearby Clay County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 76389
76228$1,180+9.3%
76230$1,270+17.6%
76261$1,070−0.9%
76305$1,030−4.6%
76310$1,220+13.0%
76352$1,030−4.6%
76357$1,030−4.6%
76365$1,030−4.6%
76377$1,030−4.6%
76379$1,120+3.7%
76389Current$1,080—

Questions about ZIP 76389 rents

How much will Section 8 pay for a two-bedroom in ZIP 76389?

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 $1,080 it would be $972 to $1,188. 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 76389 in?

ZIP 76389 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 76389 for FY 2027?

The two-bedroom FMR rose 8.0%, from $1,000 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has risen 30.1%.

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