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Hill County/Bynum/76631

76631

ZIPSAFMR
Hill County, TX
Zillow

ZIP Investment Score

95Below average

095130300
BRFMR
Eff. Rent
0 BR$870$870
1 BR$950$950
2 BR$1,190$1,190
3 BR$1,650$1,650
4 BR$1,870$1,870
5 BR$2,151Not available
6 BR$2,473Not available
7 BR$2,844Not available
8 BR$3,271Not available

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMRUsed$1,190
Market rentN/A
Est. payment standardN/A
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
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 76631 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76631 (Bynum, TX) is $1,190 a month. That is up 4.4% from $1,140 in FY 2026. Bynum is in the Hill County, TX non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,080. Among 19 ZIP codes in Hill County, 76631 has the 5th-highest two-bedroom rent (county range $1,010–$1,460). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76631 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76631
BedroomsFY 2027Change90–110% range
Studio$870+10.1%$783–$957
1BR$950+6.7%$855–$1,045
2BR$1,190+4.4%$1,071–$1,309
3BR$1,650+5.8%$1,485–$1,815
4BR$1,870−2.1%$1,683–$2,057

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76631
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$870$950$1,190$1,650$1,870
FY 2026$790$890$1,140$1,560$1,910
FY 2025$740$850$1,080$1,420$1,790
FY 2024area FMR$680$789$1,003$1,313$1,595
FY 2023area FMR$590$695$882$1,171$1,373

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Hill County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 76631
76621$1,130−5.0%
76622$1,120−5.9%
76627$1,350+13.4%
76628$1,150−3.4%
76631Current$1,190—
76636$1,010−15.1%
76645$1,100−7.6%
76648$1,020−14.3%
76650$1,090−8.4%
76660$1,050−11.8%
76666$1,150−3.4%
76670$1,100−7.6%

Questions about ZIP 76631 rents

How much will Section 8 pay for a two-bedroom in ZIP 76631?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,080, which applies unless the housing authority uses Small Area FMRs, that basic range is $972 to $1,188 a month; under the ZIP-level Small Area FMR of $1,190 it would be $1,071 to $1,309. 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 76631 in?

ZIP 76631 is in the Hill County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,080.

How much did fair market rent change in ZIP 76631 for FY 2027?

The two-bedroom FMR rose 4.4%, from $1,140 in FY 2026 to $1,190 in FY 2027. Since FY 2025 it has risen 10.2%.

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