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El Paso County/El Paso/79924

79924

ZIPSAFMR
El Paso County, TX
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$810$890
1 BR$980$1,060
2 BR$1,160$1,260
3 BR$1,580$1,460
4 BR$1,940$1,760
5 BR$2,231Not available
6 BR$2,566Not available
7 BR$2,950Not available
8 BR$3,393Not available

Purchase Price Calculator

Maximum purchase price
$125,319

Cost breakdown

+Likely effective rent$1,260
HUD FMR$1,160
Market rent$1,320
Est. payment standard (109%)Used$1,260
-Principal and interest-$634
Loan amount$100,255
Down payment$25,064
Rate6.50%
Term30 years
-Operating costs-$426
Property taxes-$125
Insurance-$175
Utilities$0
HOA$0
Management-$126
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,428(81.5% ROI)
Projected value
$134,955
Return breakdown
Property appreciation+$9,636
Loan principal paid down+$3,592
Rental cash flow+$7,200
5-year hold
+$34,873(139.1% ROI)
Projected value
$141,787
Return breakdown
Property appreciation+$16,468
Loan principal paid down+$6,405
Rental cash flow+$12,000
10-year hold
+$74,363(296.7% ROI)
Projected value
$160,419
Return breakdown
Property appreciation+$35,100
Loan principal paid down+$15,263
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.88
2 BR
0.88
3 BR
1.08
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 79924 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79924 (El Paso, TX) is $1,160 a month. That is down 5.7% from $1,230 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, 79924 is tied for the 13th-highest two-bedroom rent (county range $1,080–$1,720). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79924 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 79924
BedroomsFY 2027Change90–110% range
Studio$810−4.7%$729–$891
1BR$980−6.7%$882–$1,078
2BR$1,160−5.7%$1,044–$1,276
3BR$1,580−6.5%$1,422–$1,738
4BR$1,940−5.8%$1,746–$2,134

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 79924
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$980$1,160$1,580$1,940
FY 2026$850$1,050$1,230$1,690$2,060
FY 2025$830$1,040$1,210$1,670$2,030
FY 2024$800$980$1,150$1,590$1,950
FY 2023$680$830$990$1,380$1,690

Two-bedroom rent in nearby El Paso County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 79924
79917$1,150−0.9%
79918$1,670+44.0%
79920$1,080−6.9%
79922$1,400+20.7%
79923$1,150−0.9%
79924Current$1,160—
79925$1,120−3.4%
79926$1,150−0.9%
79927$1,130−2.6%
79928$1,220+5.2%
79929$1,150−0.9%
79930$1,080−6.9%

Questions about ZIP 79924 rents

How much will Section 8 pay for a two-bedroom in ZIP 79924?

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 $1,160 it would be $1,044 to $1,276. 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 79924 in?

ZIP 79924 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 79924 for FY 2027?

The two-bedroom FMR fell 5.7%, from $1,230 in FY 2026 to $1,160 in FY 2027. Since FY 2023 it has risen 17.2%.

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