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Harris County/Houston/77022

77022

ZIPSAFMR
Harris County, TX
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$970$1,070
1 BR$990$1,090
2 BR$1,180$1,300
3 BR$1,590$1,750
4 BR$1,970$2,170
5 BR$2,266Not available
6 BR$2,605Not available
7 BR$2,996Not available
8 BR$3,446Not available

Purchase Price Calculator

Maximum purchase price
$131,263

Cost breakdown

+Likely effective rent$1,300
HUD FMR$1,180
Market rent$1,620
Est. payment standard (110%)Used$1,300
-Principal and interest-$664
Loan amount$105,010
Down payment$26,253
Rate6.50%
Term30 years
-Operating costs-$436
Property taxes-$131
Insurance-$175
Utilities$0
HOA$0
Management-$130
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,055(80.2% ROI)
Projected value
$141,356
Return breakdown
Property appreciation+$10,093
Loan principal paid down+$3,762
Rental cash flow+$7,200
5-year hold
+$35,958(137.0% ROI)
Projected value
$148,512
Return breakdown
Property appreciation+$17,249
Loan principal paid down+$6,709
Rental cash flow+$12,000
10-year hold
+$76,751(292.4% ROI)
Projected value
$168,028
Return breakdown
Property appreciation+$36,765
Loan principal paid down+$15,987
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.77
1 BR
0.63
2 BR
0.73
3 BR
0.74
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 77022 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77022 (Houston, TX) is $1,180 a month. That is down 3.3% from $1,220 in FY 2026. Houston is in the Houston-The Woodlands-Sugar Land, TX HUD Metro 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 metro-wide two-bedroom FMR of $1,497. Among 229 ZIP codes in Harris County, 77022 has the 217th-highest two-bedroom rent (county range $1,020–$2,250). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77022 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 77022
BedroomsFY 2027Change90–110% range
Studio$970−2.0%$873–$1,067
1BR$990−3.9%$891–$1,089
2BR$1,180−3.3%$1,062–$1,298
3BR$1,590−3.0%$1,431–$1,749
4BR$1,970−3.9%$1,773–$2,167

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 77022
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$970$990$1,180$1,590$1,970
FY 2026$990$1,030$1,220$1,640$2,050
FY 2025$940$980$1,170$1,560$1,960
FY 2024$800$840$1,010$1,330$1,710
FY 2023$750$810$960$1,280$1,630

Two-bedroom rent in nearby Harris County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 77022
77016$1,270+7.6%
77017$1,160−1.7%
77018$1,420+20.3%
77019$2,250+90.7%
77020$1,050−11.0%
77021$1,350+14.4%
77022Current$1,180—
77023$1,170−0.8%
77024$2,050+73.7%
77025$1,690+43.2%
77026$1,020−13.6%
77027$2,230+89.0%

Questions about ZIP 77022 rents

How much will Section 8 pay for a two-bedroom in ZIP 77022?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,497, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,347 to $1,647 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 77022 in?

ZIP 77022 is in the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,497.

How much did fair market rent change in ZIP 77022 for FY 2027?

The two-bedroom FMR fell 3.3%, from $1,220 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 22.9%.

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