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Hill County/Hubbard/76648

76648

ZIPSAFMR
Hill County, TX
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$740$740
1 BR$810$810
2 BR$1,020$1,020
3 BR$1,400$1,400
4 BR$1,580$1,580
5 BR$1,817Not available
6 BR$2,090Not available
7 BR$2,403Not available
8 BR$2,763Not available

Purchase Price Calculator

Maximum purchase price
$89,655

Cost breakdown

+Likely effective rent$1,020
HUD FMRUsed$1,020
Market rentN/A
Est. payment standardN/A
-Principal and interest-$453
Loan amount$71,724
Down payment$17,931
Rate6.50%
Term30 years
-Operating costs-$367
Property taxes-$90
Insurance-$175
Utilities$0
HOA$0
Management-$102
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,663(92.9% ROI)
Projected value
$96,549
Return breakdown
Property appreciation+$6,894
Loan principal paid down+$2,570
Rental cash flow+$7,200
5-year hold
+$28,364(158.2% ROI)
Projected value
$101,437
Return breakdown
Property appreciation+$11,781
Loan principal paid down+$4,582
Rental cash flow+$12,000
10-year hold
+$60,030(334.8% ROI)
Projected value
$114,766
Return breakdown
Property appreciation+$25,111
Loan principal paid down+$10,919
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
--
Mortgage rate
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ZIP 76648 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76648 (Hubbard, TX) is $1,020 a month. That is up 5.2% from $970 in FY 2026. Hubbard 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, 76648 has the 18th-highest two-bedroom rent (county range $1,010–$1,460). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76648 is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76648
BedroomsFY 2027Change90–110% range
Studio$740+10.4%$666–$814
1BR$810+5.2%$729–$891
2BR$1,020+5.2%$918–$1,122
3BR$1,400+5.3%$1,260–$1,540
4BR$1,580−3.1%$1,422–$1,738

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76648
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$810$1,020$1,400$1,580
FY 2026$670$770$970$1,330$1,630
FY 2025$640$740$930$1,290$1,550
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. 76648
76622$1,120+9.8%
76627$1,350+32.4%
76628$1,150+12.7%
76631$1,190+16.7%
76636$1,010−1.0%
76645$1,100+7.8%
76648Current$1,020—
76650$1,090+6.9%
76660$1,050+2.9%
76666$1,150+12.7%
76670$1,100+7.8%
76673$1,240+21.6%

Questions about ZIP 76648 rents

How much will Section 8 pay for a two-bedroom in ZIP 76648?

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 $1,020 it would be $918 to $1,122. 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 76648 in?

ZIP 76648 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 76648 for FY 2027?

The two-bedroom FMR rose 5.2%, from $970 in FY 2026 to $1,020 in FY 2027. Since FY 2025 it has risen 9.7%.

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