FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR- 78620
0.77ratio
FMR$1,590
Market$2,070
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR- 78620
0.87ratio
FMR$1,890
Market$2,180
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 78620
0.96ratio
FMR$2,390
Market$2,480
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 78620
0.87ratio
FMR$2,800
Market$3,220
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.87
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
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Dripping Springs, TX fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Dripping Springs, TX is $1,890 a month. That is up 2.2% from $1,850 in FY 2026. Dripping Springs is in the Austin-Round Rock-San Marcos, TX MSA. 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 $1,817. The median county two-bedroom FMR in Texas is $1,105, so Dripping Springs is 71% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Dripping Springs, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,470
$1,500
+2.0%
$1,350–$1,650
1BR
$1,560
$1,590
+1.9%
$1,431–$1,749
2BR
$1,850
$1,890
+2.2%
$1,701–$2,079
3BR
$2,350
$2,390
+1.7%
$2,151–$2,629
4BR
$2,760
$2,800
+1.4%
$2,520–$3,080
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Dripping Springs, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,500
$1,590
$1,890
$2,390
$2,800
FY 2026
$1,470
$1,560
$1,850
$2,350
$2,760
FY 2025
$1,480
$1,580
$1,860
$2,370
$2,750
FY 2024
$1,430
$1,540
$1,810
$2,320
$2,670
FY 2023
$1,160
$1,290
$1,510
$1,940
$2,240
Questions about Dripping Springs, TX rents
How much will Section 8 pay for a two-bedroom in Dripping Springs, TX?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,817, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,635 to $1,999 a month; under the ZIP-level Small Area FMR of $1,890 it would be $1,701 to $2,079. 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 Dripping Springs, TX in?
Dripping Springs, TX is in the Austin-Round Rock-San Marcos, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,817.
How much did fair market rent change in Dripping Springs, TX for FY 2027?
The two-bedroom FMR rose 2.2%, from $1,850 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 25.2%.
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