79702
ZIPSAFMR
Midland County, TX
BRFMR
Eff. Rent
0 BR$1,430$1,360
1 BR$1,450$1,430
2 BR$1,780$1,740
3 BR$2,290$2,520
4 BR$2,680$2,470
5 BR$3,082
6 BR$3,544
7 BR$4,076
8 BR$4,687

Purchase Price Calculator

Maximum purchase price
$196,647

Cost breakdown

+Likely effective rent$1,740
HUD FMR$1,780
Market rentUsed$1,740
Est. payment standard (99%)$1,750
Market rent is below the inferred standard ($1,750, 99% of FMR).
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Current value$196,647
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Current value$196,647
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Current value$196,647
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.05ratio
FMR$1,430
Market$1,360
vs market+$70

FMR is near market; voucher and private rents are aligned.

90% standard$1,287 / 0.95 ratio110% standard$1,573 / 1.16 ratio
1.05
1 BR
1 BR
1.01ratio
FMR$1,450
Market$1,430
vs market+$20

FMR is near market; voucher and private rents are aligned.

90% standard$1,305 / 0.91 ratio110% standard$1,595 / 1.12 ratio
1.01
2 BR
2 BR
1.02ratio
FMR$1,780
Market$1,740
vs market+$40

FMR is near market; voucher and private rents are aligned.

90% standard$1,602 / 0.92 ratio110% standard$1,958 / 1.13 ratio
1.02
3 BR
3 BR
0.80ratio
FMR$2,290
Market$2,860
vs market-$570

FMR is below market; voucher rent may lag private rents.

90% standard$2,061 / 0.72 ratio110% standard$2,519 / 0.88 ratio
0.80
4 BR
4 BR
1.09ratio
FMR$2,680
Market$2,470
vs market+$210

FMR is near market; voucher and private rents are aligned.

90% standard$2,412 / 0.98 ratio110% standard$2,948 / 1.19 ratio
1.09
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 79702 (TX) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

79702 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 79702 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,780 and the 4 bedroom fair market rent is $2,680.

Use this page for searches like 79702 FMR, 79702 fair market rent, and 79702 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 79702
Bedroom sizeHUD FMR
Studio$1,430
1 bedroom$1,450
2 bedroom$1,780
3 bedroom$2,290
4 bedroom$2,680