Skip to main content
Loading page
Ector County/Odessa/79761

79761

ZIPSAFMR
Ector County, TX
Zillow

ZIP Investment Score

106Above average

095130300
BRFMR
Eff. Rent
0 BR$1,130$1,160
1 BR$1,190$1,220
2 BR$1,470$1,520
3 BR$1,750$1,910
4 BR$2,010$2,210
5 BR$2,312Not available
6 BR$2,658Not available
7 BR$3,057Not available
8 BR$3,516Not available

Purchase Price Calculator

Maximum purchase price
$163,955

Cost breakdown

+Likely effective rent$1,520
HUD FMR$1,470
Market rent$1,550
Est. payment standard (104%)Used$1,520
-Principal and interest-$829
Loan amount$131,164
Down payment$32,791
Rate6.50%
Term30 years
-Operating costs-$491
Property taxes-$164
Insurance-$175
Utilities$0
HOA$0
Management-$152
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,506(74.7% ROI)
Projected value
$176,561
Return breakdown
Property appreciation+$12,607
Loan principal paid down+$4,699
Rental cash flow+$7,200
5-year hold
+$41,925(127.9% ROI)
Projected value
$185,500
Return breakdown
Property appreciation+$21,545
Loan principal paid down+$8,380
Rental cash flow+$12,000
10-year hold
+$89,889(274.1% ROI)
Projected value
$209,876
Return breakdown
Property appreciation+$45,921
Loan principal paid down+$19,968
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.96
1 BR
0.97
2 BR
0.95
3 BR
0.88
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 79761 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79761 (Odessa, TX) is $1,470 a month. That is down 5.8% from $1,560 in FY 2026. Odessa is in the Odessa, TX MSA. 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 $1,522. Among 14 ZIP codes in Ector County, 79761 has the 12th-highest two-bedroom rent (county range $1,440–$1,800). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79761 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 79761
BedroomsFY 2027Change90–110% range
Studio$1,130−7.4%$1,017–$1,243
1BR$1,190−4.0%$1,071–$1,309
2BR$1,470−5.8%$1,323–$1,617
3BR$1,750−6.4%$1,575–$1,925
4BR$2,010−6.9%$1,809–$2,211

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 79761
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,130$1,190$1,470$1,750$2,010
FY 2026$1,220$1,240$1,560$1,870$2,160
FY 2025$1,260$1,260$1,630$1,960$2,300
FY 2024$1,070$1,070$1,410$1,700$2,010
FY 2023$850$860$1,130$1,380$1,600

Two-bedroom rent in nearby Ector County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 79761
79758$1,680+14.3%
79759$1,520+3.4%
79760$1,520+3.4%
79761Current$1,470—
79762$1,600+8.8%
79763$1,440−2.0%
79764$1,440−2.0%
79765$1,800+22.4%
79766$1,610+9.5%
79768$1,520+3.4%
79769$1,520+3.4%
79776$1,520+3.4%

Questions about ZIP 79761 rents

How much will Section 8 pay for a two-bedroom in ZIP 79761?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,522, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,370 to $1,674 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 79761 in?

ZIP 79761 is in the Odessa, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,522.

How much did fair market rent change in ZIP 79761 for FY 2027?

The two-bedroom FMR fell 5.8%, from $1,560 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 30.1%.

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