FMR is near market; voucher and private rents are aligned.
1.06
1 BR
1 BR
1.08ratio
FMR$1,536
Market$1,420
vs market+$116
FMR is near market; voucher and private rents are aligned.
1.08
2 BR
2 BR
1.11ratio
FMR$1,807
Market$1,630
vs market+$177
FMR is above market; underwrite to market rent.
1.11
3 BR
3 BR
1.06ratio
FMR$2,275
Market$2,150
vs market+$125
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR
1.18ratio
FMR$2,892
Market$2,460
vs market+$432
FMR is above market; underwrite to market rent.
1.18
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
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ZIP 75121 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 75121 (Copeville, TX) is $1,807 a month. That is down 6.4% from $1,931 in FY 2026. Copeville 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 ZIP 75121 is 64% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 75121
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,582
$1,491
−5.8%
$1,342–$1,640
1BR
$1,648
$1,536
−6.8%
$1,382–$1,690
2BR
$1,931
$1,807
−6.4%
$1,626–$1,988
3BR
$2,431
$2,275
−6.4%
$2,048–$2,503
4BR
$3,091
$2,892
−6.4%
$2,603–$3,181
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 75121
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,491
$1,536
$1,807
$2,275
$2,892
FY 2026
$1,582
$1,648
$1,931
$2,431
$3,091
FY 2025
$1,531
$1,606
$1,884
$2,361
$3,033
FY 2024
$1,426
$1,500
$1,758
$2,212
$2,847
FY 2023
$1,259
$1,326
$1,565
$1,972
$2,572
Questions about ZIP 75121 rents
How much will Section 8 pay for a two-bedroom in ZIP 75121?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,807, that basic range is $1,626 to $1,988 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 ZIP 75121 in?
ZIP 75121 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 ZIP 75121 for FY 2027?
The two-bedroom FMR fell 6.4%, from $1,931 in FY 2026 to $1,807 in FY 2027. Since FY 2023 it has risen 15.5%.
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 Fair Market Rents. 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