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Cameron County/Harlingen/78550

78550

ZIPSAFMR
Cameron County, TX
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$840$790
1 BR$900$930
2 BR$1,060$1,160
3 BR$1,420$1,560
4 BR$1,520$1,670
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$110,459

Cost breakdown

+Likely effective rent$1,160
HUD FMR$1,060
Market rent$1,210
Est. payment standard (109%)Used$1,160
-Principal and interest-$559
Loan amount$88,367
Down payment$22,092
Rate6.50%
Term30 years
-Operating costs-$401
Property taxes-$110
Insurance-$175
Utilities$0
HOA$0
Management-$116
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,859(85.4% ROI)
Projected value
$118,952
Return breakdown
Property appreciation+$8,493
Loan principal paid down+$3,166
Rental cash flow+$7,200
5-year hold
+$32,161(145.6% ROI)
Projected value
$124,974
Return breakdown
Property appreciation+$14,515
Loan principal paid down+$5,646
Rental cash flow+$12,000
10-year hold
+$68,391(309.6% ROI)
Projected value
$141,397
Return breakdown
Property appreciation+$30,938
Loan principal paid down+$13,453
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.06
1 BR
0.95
2 BR
0.88
3 BR
0.84
4 BR
0.76
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78550 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78550 (Harlingen, TX) is $1,060 a month. That is down 0.9% from $1,070 in FY 2026. Harlingen is in the Brownsville-Harlingen, 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 $1,042. Among 22 ZIP codes in Cameron County, 78550 has the 8th-highest two-bedroom rent (county range $1,010–$1,490). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78550 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78550
BedroomsFY 2027Change90–110% range
Studio$840+6.3%$756–$924
1BR$900+2.3%$810–$990
2BR$1,060−0.9%$954–$1,166
3BR$1,420−1.4%$1,278–$1,562
4BR$1,520+0.7%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78550
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$900$1,060$1,420$1,520
FY 2026$790$880$1,070$1,440$1,510
FY 2025$670$760$950$1,270$1,310
FY 2024$660$770$970$1,280$1,380
FY 2023$640$720$910$1,180$1,330

Two-bedroom rent in nearby Cameron County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78550
78526$1,230+16.0%
78535$1,170+10.4%
78550Current$1,060—
78551$1,040−1.9%
78552$1,220+15.1%
78553$1,040−1.9%
78559$1,140+7.5%
78566$1,010−4.7%
78567$1,010−4.7%
78569$1,010−4.7%
78570$1,010−4.7%
78575$1,220+15.1%

Questions about ZIP 78550 rents

How much will Section 8 pay for a two-bedroom in ZIP 78550?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,042, which applies unless the housing authority uses Small Area FMRs, that basic range is $938 to $1,146 a month; under the ZIP-level Small Area FMR of $1,060 it would be $954 to $1,166. 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 78550 in?

ZIP 78550 is in the Brownsville-Harlingen, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,042.

How much did fair market rent change in ZIP 78550 for FY 2027?

The two-bedroom FMR fell 0.9%, from $1,070 in FY 2026 to $1,060 in FY 2027. Since FY 2023 it has risen 16.5%.

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