Sherman-Denison, TX MSA · FY2026 area median income $95,300 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $334 | $501 | $668 | $835 | $1,002 | $1,169 | $1,336 |
| 1BR | $357 | $536 | $715 | $894 | $1,073 | $1,252 | $1,431 |
| 2BR | $429 | $643 | $858 | $1,072 | $1,287 | $1,501 | $1,716 |
| 3BR | $495 | $743 | $991 | $1,239 | $1,487 | $1,735 | $1,983 |
| 4BR | $553 | $829 | $1,106 | $1,382 | $1,659 | $1,935 | $2,212 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $20,040 | $33,400 | $40,080 | $53,440 |
| 2 persons | $22,890 | $38,150 | $45,780 | $61,040 |
| 3 persons | $25,740 | $42,900 | $51,480 | $68,640 |
| 4 persons | $28,590 | $47,650 | $57,180 | $76,240 |
| 5 persons | $30,900 | $51,500 | $61,800 | $82,400 |
| 6 persons | $33,180 | $55,300 | $66,360 | $88,480 |
| 7 persons | $35,460 | $59,100 | $70,920 | $94,560 |
| 8 persons | $37,740 | $62,900 | $75,480 | $100,640 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Grayson County to see the sources and uses, bond test, DSCR, and funding gap using these rents.