FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR
0.86ratio
FMR$800
Market$930
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR
0.93ratio
FMR$1,040
Market$1,120
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR
1.02ratio
FMR$1,360
Market$1,330
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
0.95ratio
FMR$1,370
Market$1,440
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.95
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
--
ZIP 75434 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75434 (Cunningham, TX) is $1,040 a month. That is up 7.2% from $970 in FY 2026. Cunningham is in the Lamar County, TX non-metropolitan 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 county-wide two-bedroom FMR of $1,036. Among 17 ZIP codes in Lamar County, 75434 is tied for the 5th-highest two-bedroom rent (county range $1,010–$1,240). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75434 is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 75434
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$760
$790
+3.9%
$711–$869
1BR
$790
$800
+1.3%
$720–$880
2BR
$970
$1,040
+7.2%
$936–$1,144
3BR
$1,290
$1,360
+5.4%
$1,224–$1,496
4BR
$1,330
$1,370
+3.0%
$1,233–$1,507
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 75434
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$790
$800
$1,040
$1,360
$1,370
FY 2026
$760
$790
$970
$1,290
$1,330
FY 2025
$730
$760
$930
$1,250
$1,420
FY 2024area FMR
$629
$745
$928
$1,254
$1,570
FY 2023area FMR
$562
$655
$841
$1,136
$1,433
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 75434?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,036, which applies unless the housing authority uses Small Area FMRs, that basic range is $932 to $1,140 a month; under the ZIP-level Small Area FMR of $1,040 it would be $936 to $1,144. 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 75434 in?
ZIP 75434 is in the Lamar County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,036.
How much did fair market rent change in ZIP 75434 for FY 2027?
The two-bedroom FMR rose 7.2%, from $970 in FY 2026 to $1,040 in FY 2027. Since FY 2025 it has risen 11.8%.
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