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Wharton County/Wharton/77488

77488

ZIPSAFMR
Wharton County, TX
Zillow

ZIP Investment Score

104Above average

095130300
BRFMR
Eff. Rent
0 BR$850$940
1 BR$940$1,010
2 BR$1,220$1,330
3 BR$1,630$1,660
4 BR$1,640$1,790
5 BR$1,886Not available
6 BR$2,169Not available
7 BR$2,494Not available
8 BR$2,868Not available

Purchase Price Calculator

Maximum purchase price
$135,721

Cost breakdown

+Likely effective rent$1,330
HUD FMR$1,220
Market rent$1,390
Est. payment standard (109%)Used$1,330
-Principal and interest-$686
Loan amount$108,577
Down payment$27,144
Rate6.50%
Term30 years
-Operating costs-$444
Property taxes-$136
Insurance-$175
Utilities$0
HOA$0
Management-$133
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,526(79.3% ROI)
Projected value
$146,157
Return breakdown
Property appreciation+$10,436
Loan principal paid down+$3,890
Rental cash flow+$7,200
5-year hold
+$36,772(135.5% ROI)
Projected value
$153,556
Return breakdown
Property appreciation+$17,835
Loan principal paid down+$6,937
Rental cash flow+$12,000
10-year hold
+$78,543(289.4% ROI)
Projected value
$173,734
Return breakdown
Property appreciation+$38,013
Loan principal paid down+$16,530
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.90
2 BR
0.88
3 BR
0.97
4 BR
0.88
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 77488 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77488 (Wharton, TX) is $1,220 a month. That is up 7.0% from $1,140 in FY 2026. Wharton is in the Wharton 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 $1,184. Among 14 ZIP codes in Wharton County, 77488 is tied for the 6th-highest two-bedroom rent (county range $1,010–$1,460). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77488 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 77488
BedroomsFY 2027Change90–110% range
Studio$850+7.6%$765–$935
1BR$940+8.0%$846–$1,034
2BR$1,220+7.0%$1,098–$1,342
3BR$1,630+5.2%$1,467–$1,793
4BR$1,640−7.9%$1,476–$1,804

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 77488
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$850$940$1,220$1,630$1,640
FY 2026$790$870$1,140$1,550$1,780
FY 2025$770$780$1,000$1,400$1,550
FY 2024area FMR$677$803$999$1,408$1,558
FY 2023area FMR$658$713$873$1,241$1,439

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Wharton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 77488
77434$1,310+7.4%
77435$1,300+6.6%
77436$1,180−3.3%
77437$1,150−5.7%
77443$1,2200.0%
77448$1,270+4.1%
77453$1,200−1.6%
77454$1,300+6.6%
77455$1,460+19.7%
77467$1,150−5.7%
77485$1,010−17.2%
77488Current$1,220—

Questions about ZIP 77488 rents

How much will Section 8 pay for a two-bedroom in ZIP 77488?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,184, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,066 to $1,302 a month; under the ZIP-level Small Area FMR of $1,220 it would be $1,098 to $1,342. 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 77488 in?

ZIP 77488 is in the Wharton County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,184.

How much did fair market rent change in ZIP 77488 for FY 2027?

The two-bedroom FMR rose 7.0%, from $1,140 in FY 2026 to $1,220 in FY 2027. Since FY 2025 it has risen 22.0%.

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