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Borden County/Gail/79738

79738

ZIPSAFMR
Borden County, TX
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$880$880
1 BR$900$900
2 BR$1,150$1,150
3 BR$1,410$1,410
4 BR$1,720$1,720
5 BR$1,978Not available
6 BR$2,275Not available
7 BR$2,616Not available
8 BR$3,008Not available

Purchase Price Calculator

Maximum purchase price
$108,973

Cost breakdown

+Likely effective rent$1,150
HUD FMRUsed$1,150
Market rentN/A
Est. payment standardN/A
-Principal and interest-$551
Loan amount$87,178
Down payment$21,795
Rate6.50%
Term30 years
-Operating costs-$399
Property taxes-$109
Insurance-$175
Utilities$0
HOA$0
Management-$115
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,702(85.8% ROI)
Projected value
$117,352
Return breakdown
Property appreciation+$8,379
Loan principal paid down+$3,123
Rental cash flow+$7,200
5-year hold
+$31,890(146.3% ROI)
Projected value
$123,293
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,570
Rental cash flow+$12,000
10-year hold
+$67,794(311.1% ROI)
Projected value
$139,495
Return breakdown
Property appreciation+$30,522
Loan principal paid down+$13,272
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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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
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Tax rate
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Mortgage rate
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ZIP 79738 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79738 (Gail, TX) is $1,150 a month. That is up 4.5% from $1,100 in FY 2026. Gail is in the Borden 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 $1,078. Among 8 ZIP codes in Borden County, 79738 has the 6th-highest two-bedroom rent (county range $1,090–$1,600). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79738 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 79738
BedroomsFY 2027Change90–110% range
Studio$880+6.0%$792–$968
1BR$900+5.9%$810–$990
2BR$1,150+4.5%$1,035–$1,265
3BR$1,410+6.8%$1,269–$1,551
4BR$1,720+6.8%$1,548–$1,892

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 79738
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$900$1,150$1,410$1,720
FY 2026$830$850$1,100$1,320$1,610
FY 2025$790$820$1,050$1,300$1,570
FY 2024area FMR$791$818$1,016$1,332$1,510
FY 2023area FMR$667$705$885$1,161$1,302

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

Two-bedroom rent in nearby Borden County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 79738
79331$1,600+39.1%
79351$1,120−2.6%
79356$1,090−5.2%
79511$1,280+11.3%
79517$1,200+4.3%
79527$1,240+7.8%
79713$1,600+39.1%
79738Current$1,150—

Questions about ZIP 79738 rents

How much will Section 8 pay for a two-bedroom in ZIP 79738?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,078, which applies unless the housing authority uses Small Area FMRs, that basic range is $970 to $1,186 a month; under the ZIP-level Small Area FMR of $1,150 it would be $1,035 to $1,265. 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 79738 in?

ZIP 79738 is in the Borden County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,078.

How much did fair market rent change in ZIP 79738 for FY 2027?

The two-bedroom FMR rose 4.5%, from $1,100 in FY 2026 to $1,150 in FY 2027. Since FY 2025 it has risen 9.5%.

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