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Potter County/Amarillo/79124

79124

ZIPSAFMR
Potter County, TX
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$850$730
1 BR$960$820
2 BR$1,180$1,170
3 BR$1,610$1,610
4 BR$1,790$1,950
5 BR$2,059Not available
6 BR$2,367Not available
7 BR$2,722Not available
8 BR$3,131Not available

Purchase Price Calculator

Maximum purchase price
$111,945

Cost breakdown

+Likely effective rent$1,170
HUD FMR$1,180
Market rentUsed$1,170
Est. payment standard (99%)$1,170
-Principal and interest-$566
Loan amount$89,556
Down payment$22,389
Rate6.50%
Term30 years
-Operating costs-$404
Property taxes-$112
Insurance-$175
Utilities$0
HOA$0
Management-$117
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,016(84.9% ROI)
Projected value
$120,553
Return breakdown
Property appreciation+$8,608
Loan principal paid down+$3,209
Rental cash flow+$7,200
5-year hold
+$32,432(144.9% ROI)
Projected value
$126,656
Return breakdown
Property appreciation+$14,710
Loan principal paid down+$5,722
Rental cash flow+$12,000
10-year hold
+$68,988(308.1% ROI)
Projected value
$143,299
Return breakdown
Property appreciation+$31,354
Loan principal paid down+$13,634
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.16
1 BR
1.17
2 BR
1.01
3 BR
1.00
4 BR
0.88
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 79124 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79124 (Amarillo, TX) is $1,180 a month. That is up 0.9% from $1,170 in FY 2026. Amarillo is in the Amarillo, 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 $1,107. Among 21 ZIP codes in Potter County, 79124 has the 5th-highest two-bedroom rent (county range $1,010–$1,370). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79124 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 79124
BedroomsFY 2027Change90–110% range
Studio$850+3.7%$765–$935
1BR$960+1.1%$864–$1,056
2BR$1,180+0.9%$1,062–$1,298
3BR$1,610+1.3%$1,449–$1,771
4BR$1,790−2.7%$1,611–$1,969

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 79124
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$850$960$1,180$1,610$1,790
FY 2026$820$950$1,170$1,590$1,840
FY 2025$860$1,010$1,230$1,690$1,960
FY 2024$840$970$1,200$1,640$1,920
FY 2023$780$900$1,130$1,540$1,790

Two-bedroom rent in nearby Potter County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 79124
79105$1,050−11.0%
79106$1,110−5.9%
79107$1,060−10.2%
79108$1,080−8.5%
79109$1,160−1.7%
79111$1,290+9.3%
79116$1,050−11.0%
79117$1,050−11.0%
79118$1,370+16.1%
79120$1,050−11.0%
79121$1,070−9.3%
79124Current$1,180—

Questions about ZIP 79124 rents

How much will Section 8 pay for a two-bedroom in ZIP 79124?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,107, which applies unless the housing authority uses Small Area FMRs, that basic range is $996 to $1,218 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 79124 in?

ZIP 79124 is in the Amarillo, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,107.

How much did fair market rent change in ZIP 79124 for FY 2027?

The two-bedroom FMR rose 0.9%, from $1,170 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 4.4%.

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