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Medina County/Mico/78056

78056

ZIPSAFMR
Medina County, TX
Zillow

ZIP Investment Score

29Below average

095130300
BRFMR
Eff. Rent
0 BR$1,040$960
1 BR$1,100$1,130
2 BR$1,360$1,320
3 BR$1,760$1,840
4 BR$2,010$2,110
5 BR$2,312Not available
6 BR$2,658Not available
7 BR$3,057Not available
8 BR$3,516Not available

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMR$1,360
Market rentUsed$1,320
Est. payment standard (98%)$1,330
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.08
1 BR
0.96
2 BR
1.03
3 BR
0.93
4 BR
0.93
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78056 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78056 (Mico, TX) is $1,360 a month. That is down 1.4% from $1,380 in FY 2026. Mico is in the Medina County, 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 $1,231. Among 17 ZIP codes in Medina County, 78056 has the 5th-highest two-bedroom rent (county range $1,080–$1,870). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78056 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78056
BedroomsFY 2027Change90–110% range
Studio$1,040−1.0%$936–$1,144
1BR$1,100−1.8%$990–$1,210
2BR$1,360−1.4%$1,224–$1,496
3BR$1,760−1.7%$1,584–$1,936
4BR$2,010+1.0%$1,809–$2,211

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78056
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,040$1,100$1,360$1,760$2,010
FY 2026$1,050$1,120$1,380$1,790$1,990
FY 2025$1,110$1,210$1,500$1,920$2,170
FY 2024$1,100$1,200$1,500$1,920$2,190
FY 2023$920$1,040$1,290$1,650$1,930

Two-bedroom rent in nearby Medina County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78056
78003$1,190−12.5%
78009$1,340−1.5%
78016$1,080−20.6%
78023$1,770+30.1%
78039$1,350−0.7%
78052$1,190−12.5%
78056Current$1,360—
78057$1,140−16.2%
78059$1,170−14.0%
78063$1,270−6.6%
78066$1,490+9.6%
78253$1,640+20.6%

Questions about ZIP 78056 rents

How much will Section 8 pay for a two-bedroom in ZIP 78056?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,231, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,108 to $1,354 a month; under the ZIP-level Small Area FMR of $1,360 it would be $1,224 to $1,496. 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 78056 in?

ZIP 78056 is in the Medina County, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,231.

How much did fair market rent change in ZIP 78056 for FY 2027?

The two-bedroom FMR fell 1.4%, from $1,380 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has risen 5.4%.

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