FMR is below market; voucher rent may lag private rents.
0.66
1 BR
1 BR- 77484
0.72ratio
FMR$1,000
Market$1,390
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.72
2 BR
2 BR- 77484
0.73ratio
FMR$1,190
Market$1,640
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR- 77484
0.89ratio
FMR$1,600
Market$1,800
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR- 77484
0.93ratio
FMR$1,980
Market$2,130
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.93
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
--
Waller, TX fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waller, TX is $1,190 a month. That is down 8.5% from $1,300 in FY 2026. Waller is in the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. 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 $1,497. The median county two-bedroom FMR in Texas is $1,105, so Waller is 8% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waller, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$980
−6.7%
$882–$1,078
1BR
$1,090
$1,000
−8.3%
$900–$1,100
2BR
$1,300
$1,190
−8.5%
$1,071–$1,309
3BR
$1,740
$1,600
−8.0%
$1,440–$1,760
4BR
$2,160
$1,980
−8.3%
$1,782–$2,178
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waller, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$980
$1,000
$1,190
$1,600
$1,980
FY 2026
$1,050
$1,090
$1,300
$1,740
$2,160
FY 2025
$1,040
$1,080
$1,300
$1,720
$2,170
FY 2024
$930
$980
$1,170
$1,550
$1,990
FY 2023
$860
$910
$1,090
$1,440
$1,860
Questions about Waller, TX rents
How much will Section 8 pay for a two-bedroom in Waller, TX?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,497, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,347 to $1,647 a month; under the ZIP-level Small Area FMR of $1,190 it would be $1,071 to $1,309. 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 Waller, TX in?
Waller, TX is in the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,497.
How much did fair market rent change in Waller, TX for FY 2027?
The two-bedroom FMR fell 8.5%, from $1,300 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 9.2%.
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