El Paso County/El Paso/79905

79905

ZIPSAFMR

El Paso County, TX

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ZIP Investment Score

102Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$740	$770	5.5%
1 BR	$920	$890	6.1%
2 BR	$1,080	$1,190	5.9%
3 BR	$1,470	$1,430	5.6%
4 BR	$1,800	$1,610	5.3%
5 BR	$2,070	Not available	5.3%
6 BR	$2,380	Not available	5.3%
7 BR	$2,738	Not available	5.3%
8 BR	$3,148	Not available	5.3%

Purchase Price Calculator

Maximum purchase price

$114,917

Cost breakdown

+Likely effective rent$1,190

HUD FMR$1,080

Market rent$1,290

Est. payment standard (110%)Used$1,190

-Principal and interest-$581

Loan amount$91,934

Down payment$22,983

Rate6.50%

Term30 years

-Operating costs-$409

Property taxes-$115

Insurance-$175

Utilities$0

HOA$0

Management-$119

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$19,330(84.1% ROI)

Projected value

$123,753

Return breakdown

Property appreciation+$8,836

Loan principal paid down+$3,294

Rental cash flow+$7,200

5-year hold

+$32,975(143.5% ROI)

Projected value

$130,018

Return breakdown

Property appreciation+$15,101

Loan principal paid down+$5,874

Rental cash flow+$12,000

10-year hold

+$70,182(305.4% ROI)

Projected value

$147,103

Return breakdown

Property appreciation+$32,186

Loan principal paid down+$13,996

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.95ratio

FMR$740

Market$780

vs market-$40

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

0.95

1 BR

1.03ratio

FMR$920

Market$890

vs market+$30

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

1.03

2 BR

0.84ratio

FMR$1,080

Market$1,290

vs market-$210

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

0.84

3 BR

1.03ratio

FMR$1,470

Market$1,430

vs market+$40

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

1.03

4 BR

1.12ratio

FMR$1,800

Market$1,610

vs market+$190

FMR is above market; underwrite to market rent.

1.12

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 79905 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79905 (El Paso, TX) is $1,080 a month. That is unchanged from FY 2026. El Paso is in the El Paso, 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 $1,146. Among 60 ZIP codes in El Paso County, 79905 is tied for the 48th-highest two-bedroom rent (county range $1,080–$1,720). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79905 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 79905
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$740	$740	0.0%	$666–$814
1BR	$920	$920	0.0%	$828–$1,012
2BR	$1,080	$1,080	0.0%	$972–$1,188
3BR	$1,490	$1,470	−1.3%	$1,323–$1,617
4BR	$1,810	$1,800	−0.6%	$1,620–$1,980

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 79905
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$740	$920	$1,080	$1,470	$1,800
FY 2026	$740	$920	$1,080	$1,490	$1,810
FY 2025	$730	$890	$1,040	$1,440	$1,760
FY 2024	$630	$770	$910	$1,250	$1,540
FY 2023	$570	$700	$830	$1,150	$1,410

Two-bedroom rent in nearby El Paso County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 79905
79901	$1,080	0.0%
79902	$1,080	0.0%
79903	$1,080	0.0%
79904	$1,090	+0.9%
79905Current	$1,080	—
79906	$1,580	+46.3%
79907	$1,080	0.0%
79908	$1,720	+59.3%
79910	$1,150	+6.5%
79911	$1,550	+43.5%
79912	$1,380	+27.8%
79913	$1,150	+6.5%

Questions about ZIP 79905 rents

How much will Section 8 pay for a two-bedroom in ZIP 79905?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,146, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,031 to $1,261 a month; under the ZIP-level Small Area FMR of $1,080 it would be $972 to $1,188. 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 79905 in?

ZIP 79905 is in the El Paso, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,146.

How much did fair market rent change in ZIP 79905 for FY 2027?

The two-bedroom FMR was unchanged at $1,080 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 rent El Paso, TX fair market rent TX statewide rents What is SAFMR?Data sources