FMR is near market; voucher and private rents are aligned.
1.08
1 BR
1 BR- 78577
0.99ratio
FMR$860
Market$870
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 78577
1.03ratio
FMR$1,080
Market$1,050
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 78577
0.90ratio
FMR$1,390
Market$1,550
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.90
4 BR
4 BR- 78577
0.73ratio
FMR$1,530
Market$2,110
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.73
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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Pharr, TX fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pharr, TX is $1,080 a month. That is down 4.4% from $1,130 in FY 2026. Pharr is in the McAllen-Edinburg-Mission, 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 $1,017. The median county two-bedroom FMR in Texas is $1,105, so Pharr is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Pharr, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$900
$850
−5.6%
$765–$935
1BR
$900
$860
−4.4%
$774–$946
2BR
$1,130
$1,080
−4.4%
$972–$1,188
3BR
$1,470
$1,390
−5.4%
$1,251–$1,529
4BR
$1,620
$1,530
−5.6%
$1,377–$1,683
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Pharr, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$850
$860
$1,080
$1,390
$1,530
FY 2026
$900
$900
$1,130
$1,470
$1,620
FY 2025
$820
$820
$1,020
$1,330
$1,470
FY 2024
$790
$800
$1,000
$1,310
$1,440
FY 2023
$710
$720
$910
$1,180
$1,300
Questions about Pharr, TX rents
How much will Section 8 pay for a two-bedroom in Pharr, TX?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,017, which applies unless the housing authority uses Small Area FMRs, that basic range is $915 to $1,119 a month; under the ZIP-level Small Area FMR of $1,080 it would be $972 to $1,188. 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 Pharr, TX in?
Pharr, TX is in the McAllen-Edinburg-Mission, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,017.
How much did fair market rent change in Pharr, TX for FY 2027?
The two-bedroom FMR fell 4.4%, from $1,130 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has risen 18.7%.
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