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Lubbock County/Lubbock/79413

79413

ZIPSAFMR
Lubbock County, TX
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$1,040$780
1 BR$1,220$940
2 BR$1,440$1,000
3 BR$1,990$1,460
4 BR$2,380$1,930
5 BR$2,737Not available
6 BR$3,148Not available
7 BR$3,620Not available
8 BR$4,163Not available

Purchase Price Calculator

Maximum purchase price
$86,683

Cost breakdown

+Likely effective rent$1,000
HUD FMR$1,440
Market rentUsed$1,000
Est. payment standard (90%)$1,300
-Principal and interest-$438
Loan amount$69,346
Down payment$17,337
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,350(94.3% ROI)
Projected value
$93,348
Return breakdown
Property appreciation+$6,665
Loan principal paid down+$2,485
Rental cash flow+$7,200
5-year hold
+$27,821(160.5% ROI)
Projected value
$98,074
Return breakdown
Property appreciation+$11,391
Loan principal paid down+$4,431
Rental cash flow+$12,000
10-year hold
+$58,836(339.4% ROI)
Projected value
$110,962
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$10,557
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.33
1 BR
1.30
2 BR
1.44
3 BR
1.36
4 BR
1.23
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 79413 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79413 (Lubbock, TX) is $1,440 a month. That is up 5.9% from $1,360 in FY 2026. Lubbock is in the Lubbock, 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 $1,241. Among 35 ZIP codes in Lubbock County, 79413 is tied for the 2nd-highest two-bedroom rent (county range $1,060–$1,470). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79413 is 30% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 79413
BedroomsFY 2027Change90–110% range
Studio$1,040+9.5%$936–$1,144
1BR$1,220+6.1%$1,098–$1,342
2BR$1,440+5.9%$1,296–$1,584
3BR$1,990+5.3%$1,791–$2,189
4BR$2,380+6.3%$2,142–$2,618

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 79413
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,040$1,220$1,440$1,990$2,380
FY 2026$950$1,150$1,360$1,890$2,240
FY 2025$980$1,190$1,410$1,960$2,300
FY 2024$920$1,100$1,310$1,830$2,150
FY 2023$850$980$1,190$1,670$1,960

Two-bedroom rent in nearby Lubbock County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 79413
79404$1,100−23.6%
79406$1,220−15.3%
79407$1,240−13.9%
79408$1,240−13.9%
79409$1,240−13.9%
79410$1,4400.0%
79411$1,060−26.4%
79412$1,090−24.3%
79413Current$1,440—
79414$1,220−15.3%
79415$1,060−26.4%
79416$1,360−5.6%

Questions about ZIP 79413 rents

How much will Section 8 pay for a two-bedroom in ZIP 79413?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,241, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,117 to $1,365 a month; under the ZIP-level Small Area FMR of $1,440 it would be $1,296 to $1,584. 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 79413 in?

ZIP 79413 is in the Lubbock, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,241.

How much did fair market rent change in ZIP 79413 for FY 2027?

The two-bedroom FMR rose 5.9%, from $1,360 in FY 2026 to $1,440 in FY 2027. Since FY 2023 it has risen 21.0%.

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