Skip to main content
Loading page
Harris County/Spring/77373

77373

ZIPSAFMR
Harris County, TX
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,480$1,480
1 BR$1,520$1,440
2 BR$1,800$1,570
3 BR$2,430$1,720
4 BR$3,010$2,080
5 BR$3,461Not available
6 BR$3,981Not available
7 BR$4,578Not available
8 BR$5,265Not available

Purchase Price Calculator

Maximum purchase price
$171,385

Cost breakdown

+Likely effective rent$1,570
HUD FMR$1,800
Market rentUsed$1,570
Est. payment standard (92%)$1,650
-Principal and interest-$867
Loan amount$137,108
Down payment$34,277
Rate6.50%
Term30 years
-Operating costs-$503
Property taxes-$171
Insurance-$175
Utilities$0
HOA$0
Management-$157
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,290(73.8% ROI)
Projected value
$184,563
Return breakdown
Property appreciation+$13,178
Loan principal paid down+$4,912
Rental cash flow+$7,200
5-year hold
+$43,281(126.3% ROI)
Projected value
$193,906
Return breakdown
Property appreciation+$22,521
Loan principal paid down+$8,760
Rental cash flow+$12,000
10-year hold
+$92,875(271.0% ROI)
Projected value
$219,387
Return breakdown
Property appreciation+$48,002
Loan principal paid down+$20,873
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.00
1 BR
1.06
2 BR
1.15
3 BR
1.41
4 BR
1.45
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 77373 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77373 (Spring, TX) is $1,800 a month. That is down 7.7% from $1,950 in FY 2026. Spring 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, 77373 has the 33rd-highest two-bedroom rent (county range $1,020–$2,250). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77373 is 63% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 77373
BedroomsFY 2027Change90–110% range
Studio$1,480−6.9%$1,332–$1,628
1BR$1,520−7.3%$1,368–$1,672
2BR$1,800−7.7%$1,620–$1,980
3BR$2,430−7.3%$2,187–$2,673
4BR$3,010−8.0%$2,709–$3,311

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 77373
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,480$1,520$1,800$2,430$3,010
FY 2026$1,590$1,640$1,950$2,620$3,270
FY 2025$1,540$1,610$1,920$2,560$3,220
FY 2024$1,350$1,430$1,710$2,260$2,900
FY 2023$1,170$1,240$1,480$1,950$2,520

Two-bedroom rent in nearby Harris County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 77373
77347$1,470−18.3%
77357$1,440−20.0%
77365$1,490−17.2%
77373Current$1,800—
77375$1,690−6.1%
77377$1,790−0.6%
77379$1,760−2.2%
77383$1,470−18.3%
77388$1,960+8.9%
77389$1,940+7.8%
77391$1,470−18.3%
77396$1,590−11.7%

Questions about ZIP 77373 rents

How much will Section 8 pay for a two-bedroom in ZIP 77373?

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 $1,800 it would be $1,620 to $1,980. 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 77373 in?

ZIP 77373 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 77373 for FY 2027?

The two-bedroom FMR fell 7.7%, from $1,950 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 21.6%.

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