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Webb County/Laredo/78040

78040

ZIPSAFMR
Webb County, TX
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$930$910
1 BR$940$970
2 BR$1,140$1,030
3 BR$1,490$1,500
4 BR$1,540$1,570
5 BR$1,771Not available
6 BR$2,037Not available
7 BR$2,342Not available
8 BR$2,693Not available

Purchase Price Calculator

Maximum purchase price
$91,141

Cost breakdown

+Likely effective rent$1,030
HUD FMR$1,140
Market rentUsed$1,030
Est. payment standard (94%)$1,070
-Principal and interest-$461
Loan amount$72,913
Down payment$18,228
Rate6.50%
Term30 years
-Operating costs-$369
Property taxes-$91
Insurance-$175
Utilities$0
HOA$0
Management-$103
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,820(92.3% ROI)
Projected value
$98,149
Return breakdown
Property appreciation+$7,008
Loan principal paid down+$2,612
Rental cash flow+$7,200
5-year hold
+$28,635(157.1% ROI)
Projected value
$103,118
Return breakdown
Property appreciation+$11,977
Loan principal paid down+$4,658
Rental cash flow+$12,000
10-year hold
+$60,627(332.6% ROI)
Projected value
$116,668
Return breakdown
Property appreciation+$25,527
Loan principal paid down+$11,100
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
0.95
2 BR
1.11
3 BR
0.99
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78040 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78040 (Laredo, TX) is $1,140 a month. That is down 1.7% from $1,160 in FY 2026. Laredo is in the Laredo, TX MSA. 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 $1,157. Among 11 ZIP codes in Webb County, 78040 has the 9th-highest two-bedroom rent (county range $1,080–$1,570). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78040 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78040
BedroomsFY 2027Change90–110% range
Studio$930−3.1%$837–$1,023
1BR$940−2.1%$846–$1,034
2BR$1,140−1.7%$1,026–$1,254
3BR$1,490−0.7%$1,341–$1,639
4BR$1,540−0.6%$1,386–$1,694

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78040
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$940$1,140$1,490$1,540
FY 2026$960$960$1,160$1,500$1,550
FY 2025$910$920$1,120$1,430$1,490
FY 2024$820$830$1,020$1,300$1,360
FY 2023$730$740$920$1,180$1,280

Two-bedroom rent in nearby Webb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78040
78019$1,080−5.3%
78040Current$1,140—
78041$1,170+2.6%
78042$1,160+1.8%
78043$1,150+0.9%
78044$1,120−1.8%
78045$1,570+37.7%
78046$1,180+3.5%
78344$1,450+27.2%
78369$1,150+0.9%
78371$1,160+1.8%

Questions about ZIP 78040 rents

How much will Section 8 pay for a two-bedroom in ZIP 78040?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,157, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,041 to $1,273 a month; under the ZIP-level Small Area FMR of $1,140 it would be $1,026 to $1,254. 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 78040 in?

ZIP 78040 is in the Laredo, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,157.

How much did fair market rent change in ZIP 78040 for FY 2027?

The two-bedroom FMR fell 1.7%, from $1,160 in FY 2026 to $1,140 in FY 2027. Since FY 2023 it has risen 23.9%.

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