FMR is below market; voucher rent may lag private rents.
0.57
1 BR
1 BR- 76268
0.58ratio
FMR$1,120
Market$1,920
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.58
2 BR
2 BR- 76268
0.71ratio
FMR$1,390
Market$1,950
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 76268
0.96ratio
FMR$1,920
Market$2,000
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 76268
1.00ratio
FMR$2,130
Market$2,130
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
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
--
Southmayd, TX fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Southmayd, TX is $1,390 a month. That is up 0.7% from $1,380 in FY 2026. Southmayd is in the Sherman-Denison, 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 $1,395. The median county two-bedroom FMR in Texas is $1,105, so Southmayd is 26% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Southmayd, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,110
$1,100
−0.9%
$990–$1,210
1BR
$1,110
$1,120
+0.9%
$1,008–$1,232
2BR
$1,380
$1,390
+0.7%
$1,251–$1,529
3BR
$1,910
$1,920
+0.5%
$1,728–$2,112
4BR
$2,190
$2,130
−2.7%
$1,917–$2,343
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Southmayd, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,100
$1,120
$1,390
$1,920
$2,130
FY 2026
$1,110
$1,110
$1,380
$1,910
$2,190
FY 2025
$1,100
$1,150
$1,390
$1,930
$2,320
FY 2024
$940
$1,090
$1,280
$1,740
$2,160
FY 2023
$760
$940
$1,090
$1,470
$1,820
Questions about Southmayd, TX rents
How much will Section 8 pay for a two-bedroom in Southmayd, TX?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,395, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,256 to $1,535 a month; under the ZIP-level Small Area FMR of $1,390 it would be $1,251 to $1,529. 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 Southmayd, TX in?
Southmayd, TX is in the Sherman-Denison, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,395.
How much did fair market rent change in Southmayd, TX for FY 2027?
The two-bedroom FMR rose 0.7%, from $1,380 in FY 2026 to $1,390 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