Skip to main content
Loading page
Ochiltree County/Spearman/79081

79081

ZIPSAFMR
Ochiltree County, TX
Zillow

ZIP Investment Score

117Above average

095130300
BRFMR
Eff. Rent
0 BR$990$990
1 BR$990$990
2 BR$1,300$1,300
3 BR$1,550$1,550
4 BR$1,870$1,870
5 BR$2,151Not available
6 BR$2,473Not available
7 BR$2,844Not available
8 BR$3,271Not available

Purchase Price Calculator

Maximum purchase price
$131,263

Cost breakdown

+Likely effective rent$1,300
HUD FMRUsed$1,300
Market rentN/A
Est. payment standardN/A
-Principal and interest-$664
Loan amount$105,010
Down payment$26,253
Rate6.50%
Term30 years
-Operating costs-$436
Property taxes-$131
Insurance-$175
Utilities$0
HOA$0
Management-$130
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,055(80.2% ROI)
Projected value
$141,356
Return breakdown
Property appreciation+$10,093
Loan principal paid down+$3,762
Rental cash flow+$7,200
5-year hold
+$35,958(137.0% ROI)
Projected value
$148,512
Return breakdown
Property appreciation+$17,249
Loan principal paid down+$6,709
Rental cash flow+$12,000
10-year hold
+$76,751(292.4% ROI)
Projected value
$168,028
Return breakdown
Property appreciation+$36,765
Loan principal paid down+$15,987
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 79081 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79081 (Spearman, TX) is $1,300 a month. That is up 13.0% from $1,150 in FY 2026. Spearman is in the Ochiltree 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 $1,014. Among 5 ZIP codes in Ochiltree County, 79081 has the highest two-bedroom rent (county range $1,010–$1,300). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79081 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 79081
BedroomsFY 2027Change90–110% range
Studio$990+13.8%$891–$1,089
1BR$990+12.5%$891–$1,089
2BR$1,300+13.0%$1,170–$1,430
3BR$1,550+9.2%$1,395–$1,705
4BR$1,870+23.0%$1,683–$2,057

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 79081
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$990$990$1,300$1,550$1,870
FY 2026$870$880$1,150$1,420$1,520
FY 2025$760$790$980$1,280$1,450
FY 2024area FMR$839$867$1,077$1,305$1,601
FY 2023area FMR$700$739$928$1,139$1,365

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

Two-bedroom rent in nearby Ochiltree County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 79081
79005$1,060−18.5%
79033$1,010−22.3%
79070$1,010−22.3%
79081Current$1,300—
79093$1,120−13.8%

Questions about ZIP 79081 rents

How much will Section 8 pay for a two-bedroom in ZIP 79081?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,300 it would be $1,170 to $1,430. 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 79081 in?

ZIP 79081 is in the Ochiltree County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 79081 for FY 2027?

The two-bedroom FMR rose 13.0%, from $1,150 in FY 2026 to $1,300 in FY 2027. Since FY 2025 it has risen 32.7%.

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