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Harris County/Houston/77079

77079

ZIPSAFMR
Harris County, TX
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$1,530$1,260
1 BR$1,570$1,360
2 BR$1,860$1,890
3 BR$2,510$2,400
4 BR$3,110$2,790
5 BR$3,576Not available
6 BR$4,113Not available
7 BR$4,730Not available
8 BR$5,439Not available

Purchase Price Calculator

Maximum purchase price
$218,937

Cost breakdown

+Likely effective rent$1,890
HUD FMR$1,860
Market rent$1,900
Est. payment standard (101%)Used$1,890
-Principal and interest-$1,107
Loan amount$175,149
Down payment$43,787
Rate6.50%
Term30 years
-Operating costs-$583
Property taxes-$219
Insurance-$175
Utilities$0
HOA$0
Management-$189
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,309(69.2% ROI)
Projected value
$235,771
Return breakdown
Property appreciation+$16,834
Loan principal paid down+$6,275
Rental cash flow+$7,200
5-year hold
+$51,960(118.7% ROI)
Projected value
$247,707
Return breakdown
Property appreciation+$28,770
Loan principal paid down+$11,190
Rental cash flow+$12,000
10-year hold
+$111,985(255.7% ROI)
Projected value
$280,258
Return breakdown
Property appreciation+$61,321
Loan principal paid down+$26,665
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.21
1 BR
1.15
2 BR
0.98
3 BR
1.05
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 77079 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77079 (Houston, TX) is $1,860 a month. That is unchanged from 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, 77079 has the 25th-highest two-bedroom rent (county range $1,020–$2,250). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77079 is 68% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 77079
BedroomsFY 2027Change90–110% range
Studio$1,530+1.3%$1,377–$1,683
1BR$1,570+0.6%$1,413–$1,727
2BR$1,8600.0%$1,674–$2,046
3BR$2,510+0.4%$2,259–$2,761
4BR$3,110−0.3%$2,799–$3,421

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 77079
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,530$1,570$1,860$2,510$3,110
FY 2026$1,510$1,560$1,860$2,500$3,120
FY 2025$1,460$1,520$1,820$2,430$3,060
FY 2024$1,290$1,360$1,630$2,150$2,770
FY 2023$1,260$1,340$1,600$2,110$2,730

Two-bedroom rent in nearby Harris County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 77079
77073$1,430−23.1%
77074$1,260−32.3%
77075$1,310−29.6%
77076$1,260−32.3%
77077$1,770−4.8%
77078$1,470−21.0%
77079Current$1,860—
77080$1,380−25.8%
77081$1,260−32.3%
77082$1,570−15.6%
77083$1,530−17.7%
77084$1,700−8.6%

Questions about ZIP 77079 rents

How much will Section 8 pay for a two-bedroom in ZIP 77079?

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 $1,860 it would be $1,674 to $2,046. 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 77079 in?

ZIP 77079 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 77079 for FY 2027?

The two-bedroom FMR was unchanged at $1,860 in FY 2027. Since FY 2023 it has risen 16.3%.

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