For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Prosper, TX is $2,590 a month. That is down 7.2% from $2,790 in FY 2026. Prosper is in the Dallas, TX HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Texas is $1,105, so Prosper is 134% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Prosper, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,290
$2,140
−6.6%
$1,926–$2,354
1BR
$2,380
$2,200
−7.6%
$1,980–$2,420
2BR
$2,790
$2,590
−7.2%
$2,331–$2,849
3BR
$3,510
$3,260
−7.1%
$2,934–$3,586
4BR
$4,470
$4,150
−7.2%
$3,735–$4,565
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Prosper, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,140
$2,200
$2,590
$3,260
$4,150
FY 2026
$2,290
$2,380
$2,790
$3,510
$4,470
FY 2025
$2,170
$2,280
$2,670
$3,350
$4,300
FY 2024
$1,950
$2,050
$2,400
$3,020
$3,890
FY 2023
$1,690
$1,780
$2,100
$2,650
$3,450
Questions about Prosper, TX rents
How much will Section 8 pay for a two-bedroom in Prosper, TX?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,590, that basic range is $2,331 to $2,849 a month. 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 Prosper, TX in?
Prosper, TX is in the Dallas, TX HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Prosper, TX for FY 2027?
The two-bedroom FMR fell 7.2%, from $2,790 in FY 2026 to $2,590 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