FMR is near market; voucher and private rents are aligned.
1.08
1 BR
1 BR- 78056
0.96ratio
FMR$1,100
Market$1,150
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 78056
1.03ratio
FMR$1,360
Market$1,320
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 78056
0.93ratio
FMR$1,760
Market$1,890
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 78056
0.93ratio
FMR$2,010
Market$2,160
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.93
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
--
Mico, TX fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mico, TX is $1,360 a month. That is down 1.4% from $1,380 in FY 2026. Mico is in the Medina County, 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 $1,231. The median county two-bedroom FMR in Texas is $1,105, so Mico is 23% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mico, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$1,040
−1.0%
$936–$1,144
1BR
$1,120
$1,100
−1.8%
$990–$1,210
2BR
$1,380
$1,360
−1.4%
$1,224–$1,496
3BR
$1,790
$1,760
−1.7%
$1,584–$1,936
4BR
$1,990
$2,010
+1.0%
$1,809–$2,211
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mico, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,040
$1,100
$1,360
$1,760
$2,010
FY 2026
$1,050
$1,120
$1,380
$1,790
$1,990
FY 2025
$1,110
$1,210
$1,500
$1,920
$2,170
FY 2024
$1,100
$1,200
$1,500
$1,920
$2,190
FY 2023
$920
$1,040
$1,290
$1,650
$1,930
Questions about Mico, TX rents
How much will Section 8 pay for a two-bedroom in Mico, TX?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,231, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,108 to $1,354 a month; under the ZIP-level Small Area FMR of $1,360 it would be $1,224 to $1,496. 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 Mico, TX in?
Mico, TX is in the Medina County, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,231.
How much did fair market rent change in Mico, TX for FY 2027?
The two-bedroom FMR fell 1.4%, from $1,380 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has risen 5.4%.
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