FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR
0.92ratio
FMR$940
Market$1,020
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.90ratio
FMR$1,200
Market$1,340
vs market-$140
FMR is below market; voucher rent may lag private rents.
0.90
3 BR
3 BR
0.98ratio
FMR$1,430
Market$1,460
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR
1.11ratio
FMR$1,750
Market$1,580
vs market+$170
FMR is above market; underwrite to market rent.
1.11
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 75882 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75882 (Palestine, TX) is $1,200 a month. That is up 7.1% from $1,120 in FY 2026. Palestine is in the Anderson 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 $1,201. Among 16 ZIP codes in Anderson County, 75882 is tied for the 5th-highest two-bedroom rent (county range $1,010–$1,330). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75882 is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 75882
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$900
$940
+4.4%
$846–$1,034
1BR
$900
$940
+4.4%
$846–$1,034
2BR
$1,120
$1,200
+7.1%
$1,080–$1,320
3BR
$1,340
$1,430
+6.7%
$1,287–$1,573
4BR
$1,690
$1,750
+3.6%
$1,575–$1,925
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 75882
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$940
$940
$1,200
$1,430
$1,750
FY 2026
$900
$900
$1,120
$1,340
$1,690
FY 2025
$840
$850
$1,030
$1,240
$1,560
FY 2024area FMR
$879
$885
$1,035
$1,298
$1,663
FY 2023area FMR
$684
$755
$907
$1,223
$1,434
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Anderson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 75882?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,201, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,081 to $1,321 a month; under the ZIP-level Small Area FMR of $1,200 it would be $1,080 to $1,320. 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 75882 in?
ZIP 75882 is in the Anderson County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,201.
How much did fair market rent change in ZIP 75882 for FY 2027?
The two-bedroom FMR rose 7.1%, from $1,120 in FY 2026 to $1,200 in FY 2027. Since FY 2025 it has risen 16.5%.
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