FMR is below market; voucher rent may lag private rents.
0.43
2 BR
2 BR- 79350
0.50ratio
FMR$1,060
Market$2,120
vs market-$1,060
FMR is below market; voucher rent may lag private rents.
0.50
3 BR
3 BR- 79350
0.71ratio
FMR$1,480
Market$2,080
vs market-$600
FMR is below market; voucher rent may lag private rents.
0.71
4 BR
4 BR- 79350
0.77ratio
FMR$1,750
Market$2,270
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.77
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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New Deal, TX fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New Deal, TX is $1,060 a month. That is down 1.9% from $1,080 in FY 2026. New Deal is in the Lubbock, 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 $1,241. The median county two-bedroom FMR in Texas is $1,105, so New Deal is 4% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New Deal, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$750
$760
+1.3%
$684–$836
1BR
$910
$900
−1.1%
$810–$990
2BR
$1,080
$1,060
−1.9%
$954–$1,166
3BR
$1,500
$1,480
−1.3%
$1,332–$1,628
4BR
$1,760
$1,750
−0.6%
$1,575–$1,925
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New Deal, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$760
$900
$1,060
$1,480
$1,750
FY 2026
$750
$910
$1,080
$1,500
$1,760
FY 2025
$730
$890
$1,050
$1,460
$1,710
FY 2024
$660
$770
$920
$1,290
$1,510
FY 2023
$610
$700
$860
$1,220
$1,460
Questions about New Deal, TX rents
How much will Section 8 pay for a two-bedroom in New Deal, TX?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,241, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,117 to $1,365 a month; under the ZIP-level Small Area FMR of $1,060 it would be $954 to $1,166. 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 New Deal, TX in?
New Deal, TX is in the Lubbock, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,241.
How much did fair market rent change in New Deal, TX for FY 2027?
The two-bedroom FMR fell 1.9%, from $1,080 in FY 2026 to $1,060 in FY 2027. Since FY 2023 it has risen 23.3%.
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