FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR- 75056
1.14ratio
FMR$2,640
Market$2,310
vs market+$330
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR- 75056
1.15ratio
FMR$3,360
Market$2,910
vs market+$450
FMR is above market; underwrite to market rent.
1.15
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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The Colony, TX fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in The Colony, TX is $2,100 a month. That is down 5.4% from $2,220 in FY 2026. The Colony 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 The Colony is 90% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for The Colony, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,820
$1,730
−4.9%
$1,557–$1,903
1BR
$1,890
$1,780
−5.8%
$1,602–$1,958
2BR
$2,220
$2,100
−5.4%
$1,890–$2,310
3BR
$2,800
$2,640
−5.7%
$2,376–$2,904
4BR
$3,550
$3,360
−5.4%
$3,024–$3,696
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for The Colony, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,730
$1,780
$2,100
$2,640
$3,360
FY 2026
$1,820
$1,890
$2,220
$2,800
$3,550
FY 2025
$1,730
$1,820
$2,130
$2,670
$3,430
FY 2024
$1,640
$1,720
$2,020
$2,540
$3,270
FY 2023
$1,500
$1,580
$1,860
$2,340
$3,060
Questions about The Colony, TX rents
How much will Section 8 pay for a two-bedroom in The Colony, TX?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,100, that basic range is $1,890 to $2,310 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 The Colony, TX in?
The Colony, 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 The Colony, TX for FY 2027?
The two-bedroom FMR fell 5.4%, from $2,220 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 12.9%.
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