Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Prairie Lea, TX fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Prairie Lea, TX is $1,670 a month. That is down 5.1% from $1,760 in FY 2026. Prairie Lea 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 Prairie Lea is 51% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Prairie Lea, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,400
$1,330
−5.0%
$1,197–$1,463
1BR
$1,490
$1,410
−5.4%
$1,269–$1,551
2BR
$1,760
$1,670
−5.1%
$1,503–$1,837
3BR
$2,240
$2,120
−5.4%
$1,908–$2,332
4BR
$2,600
$2,490
−4.2%
$2,241–$2,739
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Prairie Lea, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,330
$1,410
$1,670
$2,120
$2,490
FY 2026
$1,400
$1,490
$1,760
$2,240
$2,600
FY 2025
$1,370
$1,480
$1,740
$2,230
$2,560
FY 2024
$1,150
$1,270
$1,520
$1,930
$2,280
FY 2023
$990
$1,120
$1,310
$1,690
$1,980
Questions about Prairie Lea, TX rents
How much will Section 8 pay for a two-bedroom in Prairie Lea, 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 $1,670 it would be $1,503 to $1,837. 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 Prairie Lea, TX in?
Prairie Lea, 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 Prairie Lea, TX for FY 2027?
The two-bedroom FMR fell 5.1%, from $1,760 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 27.5%.
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