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El Paso County/El Paso/79932

79932

ZIPSAFMR
El Paso County, TX
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$790$870
1 BR$960$1,060
2 BR$1,140$1,250
3 BR$1,550$1,670
4 BR$1,910$2,100
5 BR$2,197Not available
6 BR$2,526Not available
7 BR$2,905Not available
8 BR$3,341Not available

Purchase Price Calculator

Maximum purchase price
$123,833

Cost breakdown

+Likely effective rent$1,250
HUD FMR$1,140
Market rent$1,560
Est. payment standard (110%)Used$1,250
-Principal and interest-$626
Loan amount$99,066
Down payment$24,767
Rate6.50%
Term30 years
-Operating costs-$424
Property taxes-$124
Insurance-$175
Utilities$0
HOA$0
Management-$125
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,271(81.8% ROI)
Projected value
$133,355
Return breakdown
Property appreciation+$9,522
Loan principal paid down+$3,549
Rental cash flow+$7,200
5-year hold
+$34,602(139.7% ROI)
Projected value
$140,106
Return breakdown
Property appreciation+$16,273
Loan principal paid down+$6,329
Rental cash flow+$12,000
10-year hold
+$73,765(297.8% ROI)
Projected value
$158,517
Return breakdown
Property appreciation+$34,684
Loan principal paid down+$15,082
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.57
1 BR
0.74
2 BR
0.73
3 BR
0.89
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 79932 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79932 (El Paso, TX) is $1,140 a month. That is down 5.8% from $1,210 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, 79932 has the 44th-highest two-bedroom rent (county range $1,080–$1,720). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79932 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 79932
BedroomsFY 2027Change90–110% range
Studio$790−4.8%$711–$869
1BR$960−6.8%$864–$1,056
2BR$1,140−5.8%$1,026–$1,254
3BR$1,550−6.6%$1,395–$1,705
4BR$1,910−5.9%$1,719–$2,101

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 79932
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$960$1,140$1,550$1,910
FY 2026$830$1,030$1,210$1,660$2,030
FY 2025$850$1,050$1,230$1,700$2,070
FY 2024$840$1,020$1,200$1,660$2,040
FY 2023$700$860$1,020$1,420$1,740

Two-bedroom rent in nearby El Paso County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 79932
79926$1,150+0.9%
79927$1,130−0.9%
79928$1,220+7.0%
79929$1,150+0.9%
79930$1,080−5.3%
79931$1,150+0.9%
79932Current$1,140—
79934$1,490+30.7%
79935$1,200+5.3%
79936$1,360+19.3%
79937$1,150+0.9%
79938$1,490+30.7%

Questions about ZIP 79932 rents

How much will Section 8 pay for a two-bedroom in ZIP 79932?

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 $1,140 it would be $1,026 to $1,254. 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 79932 in?

ZIP 79932 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 79932 for FY 2027?

The two-bedroom FMR fell 5.8%, from $1,210 in FY 2026 to $1,140 in FY 2027. Since FY 2023 it has risen 11.8%.

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