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Harris County/Houston/77046

77046

ZIPSAFMR
Harris County, TX
Zillow

ZIP Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$1,580$1,090
1 BR$1,620$1,500
2 BR$1,920$1,930
3 BR$2,590$2,200
4 BR$3,210$2,620
5 BR$3,691Not available
6 BR$4,245Not available
7 BR$4,882Not available
8 BR$5,614Not available

Purchase Price Calculator

Maximum purchase price
$224,881

Cost breakdown

+Likely effective rent$1,930
HUD FMR$1,920
Market rent$1,940
Est. payment standard (101%)Used$1,930
-Principal and interest-$1,137
Loan amount$179,905
Down payment$44,976
Rate6.50%
Term30 years
-Operating costs-$593
Property taxes-$225
Insurance-$175
Utilities$0
HOA$0
Management-$193
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,937(68.8% ROI)
Projected value
$242,172
Return breakdown
Property appreciation+$17,291
Loan principal paid down+$6,446
Rental cash flow+$7,200
5-year hold
+$53,045(117.9% ROI)
Projected value
$254,432
Return breakdown
Property appreciation+$29,551
Loan principal paid down+$11,494
Rental cash flow+$12,000
10-year hold
+$114,374(254.3% ROI)
Projected value
$287,866
Return breakdown
Property appreciation+$62,986
Loan principal paid down+$27,388
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.45
1 BR
1.08
2 BR
0.99
3 BR
1.18
4 BR
1.23
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 77046 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77046 (Houston, TX) is $1,920 a month. That is down 8.6% from $2,100 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, 77046 is tied for the 19th-highest two-bedroom rent (county range $1,020–$2,250). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77046 is 74% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 77046
BedroomsFY 2027Change90–110% range
Studio$1,580−7.6%$1,422–$1,738
1BR$1,620−8.5%$1,458–$1,782
2BR$1,920−8.6%$1,728–$2,112
3BR$2,590−8.5%$2,331–$2,849
4BR$3,210−8.8%$2,889–$3,531

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 77046
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,580$1,620$1,920$2,590$3,210
FY 2026$1,710$1,770$2,100$2,830$3,520
FY 2025$1,780$1,860$2,220$2,960$3,730
FY 2024$1,610$1,710$2,040$2,690$3,460
FY 2023$1,540$1,640$1,960$2,580$3,340

Two-bedroom rent in nearby Harris County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 77046
77040$1,440−25.0%
77041$1,770−7.8%
77042$1,590−17.2%
77043$1,580−17.7%
77044$1,810−5.7%
77045$1,450−24.5%
77046Current$1,920—
77047$1,850−3.6%
77048$1,460−24.0%
77049$1,630−15.1%
77050$1,290−32.8%
77051$1,460−24.0%

Questions about ZIP 77046 rents

How much will Section 8 pay for a two-bedroom in ZIP 77046?

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 $1,920 it would be $1,728 to $2,112. 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 77046 in?

ZIP 77046 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 77046 for FY 2027?

The two-bedroom FMR fell 8.6%, from $2,100 in FY 2026 to $1,920 in FY 2027. Since FY 2023 it has fallen 2.0%.

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