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El Paso County/El Paso/79922

79922

ZIPSAFMR
El Paso County, TX
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$970$1,070
1 BR$1,190$1,220
2 BR$1,400$1,440
3 BR$1,920$1,740
4 BR$2,340$2,230
5 BR$2,691Not available
6 BR$3,095Not available
7 BR$3,559Not available
8 BR$4,093Not available

Purchase Price Calculator

Maximum purchase price
$152,067

Cost breakdown

+Likely effective rent$1,440
HUD FMR$1,400
Market rent$1,460
Est. payment standard (103%)Used$1,440
-Principal and interest-$769
Loan amount$121,654
Down payment$30,413
Rate6.50%
Term30 years
-Operating costs-$471
Property taxes-$152
Insurance-$175
Utilities$0
HOA$0
Management-$144
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,251(76.5% ROI)
Projected value
$163,759
Return breakdown
Property appreciation+$11,693
Loan principal paid down+$4,359
Rental cash flow+$7,200
5-year hold
+$39,755(130.7% ROI)
Projected value
$172,050
Return breakdown
Property appreciation+$19,983
Loan principal paid down+$7,772
Rental cash flow+$12,000
10-year hold
+$85,112(279.9% ROI)
Projected value
$194,659
Return breakdown
Property appreciation+$42,592
Loan principal paid down+$18,520
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.82
1 BR
0.96
2 BR
0.96
3 BR
1.10
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 79922 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79922 (El Paso, TX) is $1,400 a month. That is down 9.7% from $1,550 in 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, 79922 has the 8th-highest two-bedroom rent (county range $1,080–$1,720). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79922 is 27% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 79922
BedroomsFY 2027Change90–110% range
Studio$970−9.3%$873–$1,067
1BR$1,190−9.8%$1,071–$1,309
2BR$1,400−9.7%$1,260–$1,540
3BR$1,920−9.9%$1,728–$2,112
4BR$2,340−10.0%$2,106–$2,574

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 79922
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$970$1,190$1,400$1,920$2,340
FY 2026$1,070$1,320$1,550$2,130$2,600
FY 2025$1,100$1,370$1,600$2,210$2,690
FY 2024$990$1,200$1,410$1,950$2,390
FY 2023$760$930$1,100$1,530$1,870

Two-bedroom rent in nearby El Paso County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 79922
79915$1,080−22.9%
79916$1,420+1.4%
79917$1,150−17.9%
79918$1,670+19.3%
79920$1,080−22.9%
79922Current$1,400—
79923$1,150−17.9%
79924$1,160−17.1%
79925$1,120−20.0%
79926$1,150−17.9%
79927$1,130−19.3%
79928$1,220−12.9%

Questions about ZIP 79922 rents

How much will Section 8 pay for a two-bedroom in ZIP 79922?

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 $1,400 it would be $1,260 to $1,540. 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 79922 in?

ZIP 79922 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 79922 for FY 2027?

The two-bedroom FMR fell 9.7%, from $1,550 in FY 2026 to $1,400 in FY 2027. Since FY 2023 it has risen 27.3%.

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