FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR- 76367
0.94ratio
FMR$950
Market$1,010
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 76367
0.99ratio
FMR$1,170
Market$1,180
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR- 76367
0.97ratio
FMR$1,590
Market$1,640
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 76367
0.99ratio
FMR$1,800
Market$1,820
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
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
--
Iowa Park, TX fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Iowa Park, TX is $1,170 a month. That is down 9.3% from $1,290 in FY 2026. Iowa Park is in the Wichita Falls, 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 $1,145. The median county two-bedroom FMR in Texas is $1,105, so Iowa Park is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Iowa Park, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$850
−9.6%
$765–$935
1BR
$1,050
$950
−9.5%
$855–$1,045
2BR
$1,290
$1,170
−9.3%
$1,053–$1,287
3BR
$1,760
$1,590
−9.7%
$1,431–$1,749
4BR
$2,000
$1,800
−10.0%
$1,620–$1,980
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Iowa Park, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$850
$950
$1,170
$1,590
$1,800
FY 2026
$940
$1,050
$1,290
$1,760
$2,000
FY 2025
$1,010
$1,100
$1,350
$1,850
$2,090
FY 2024
$1,010
$1,070
$1,310
$1,790
$2,030
FY 2023
$860
$930
$1,140
$1,540
$1,760
Questions about Iowa Park, TX rents
How much will Section 8 pay for a two-bedroom in Iowa Park, TX?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,145, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,031 to $1,260 a month; under the ZIP-level Small Area FMR of $1,170 it would be $1,053 to $1,287. 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 Iowa Park, TX in?
Iowa Park, TX is in the Wichita Falls, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,145.
How much did fair market rent change in Iowa Park, TX for FY 2027?
The two-bedroom FMR fell 9.3%, from $1,290 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 2.6%.
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