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Hidalgo County/McAllen/78501

78501

ZIPSAFMR
Hidalgo County, TX
Zillow

ZIP Investment Score

86Below average

095130300
BRFMR
Eff. Rent
0 BR$870$900
1 BR$870$960
2 BR$1,100$1,200
3 BR$1,410$1,510
4 BR$1,560$1,720
5 BR$1,794Not available
6 BR$2,063Not available
7 BR$2,373Not available
8 BR$2,728Not available

Purchase Price Calculator

Maximum purchase price
$116,403

Cost breakdown

+Likely effective rent$1,200
HUD FMR$1,100
Market rent$1,260
Est. payment standard (109%)Used$1,200
-Principal and interest-$589
Loan amount$93,122
Down payment$23,281
Rate6.50%
Term30 years
-Operating costs-$411
Property taxes-$116
Insurance-$175
Utilities$0
HOA$0
Management-$120
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,487(83.7% ROI)
Projected value
$125,353
Return breakdown
Property appreciation+$8,950
Loan principal paid down+$3,336
Rental cash flow+$7,200
5-year hold
+$33,246(142.8% ROI)
Projected value
$131,699
Return breakdown
Property appreciation+$15,296
Loan principal paid down+$5,950
Rental cash flow+$12,000
10-year hold
+$70,780(304.0% ROI)
Projected value
$149,006
Return breakdown
Property appreciation+$32,603
Loan principal paid down+$14,177
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
0.77
2 BR
0.87
3 BR
0.90
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78501 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78501 (McAllen, TX) is $1,100 a month. That is down 5.2% from $1,160 in FY 2026. McAllen is in the McAllen-Edinburg-Mission, 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 $1,017. Among 33 ZIP codes in Hidalgo County, 78501 has the 5th-highest two-bedroom rent (county range $1,010–$1,260).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78501
BedroomsFY 2027Change90–110% range
Studio$870−5.4%$783–$957
1BR$870−6.5%$783–$957
2BR$1,100−5.2%$990–$1,210
3BR$1,410−6.6%$1,269–$1,551
4BR$1,560−6.6%$1,404–$1,716

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78501
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$870$870$1,100$1,410$1,560
FY 2026$920$930$1,160$1,510$1,670
FY 2025$850$850$1,060$1,380$1,530
FY 2024$810$820$1,020$1,330$1,470
FY 2023$710$710$900$1,170$1,290

Two-bedroom rent in nearby Hidalgo County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78501
78501Current$1,100—
78502$1,020−7.3%
78503$1,180+7.3%
78504$1,260+14.5%
78505$1,020−7.3%
78516$1,010−8.2%
78537$1,010−8.2%
78538$1,010−8.2%
78539$1,120+1.8%
78540$1,020−7.3%
78541$1,010−8.2%
78542$1,010−8.2%

Questions about ZIP 78501 rents

How much will Section 8 pay for a two-bedroom in ZIP 78501?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,017, which applies unless the housing authority uses Small Area FMRs, that basic range is $915 to $1,119 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 78501 in?

ZIP 78501 is in the McAllen-Edinburg-Mission, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,017.

How much did fair market rent change in ZIP 78501 for FY 2027?

The two-bedroom FMR fell 5.2%, from $1,160 in FY 2026 to $1,100 in FY 2027. Since FY 2023 it has risen 22.2%.

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