FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR
0.92ratio
FMR$1,260
Market$1,370
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.89ratio
FMR$1,480
Market$1,670
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR
0.92ratio
FMR$1,860
Market$2,030
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR
1.05ratio
FMR$2,370
Market$2,250
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.05
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 76203 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76203 (Denton, TX) is $1,480 a month. That is down 9.8% from $1,640 in FY 2026. Denton 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. Among 47 ZIP codes in Denton County, 76203 is tied for the 44th-highest two-bedroom rent (county range $1,090–$2,710). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76203 is 34% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 76203
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,340
$1,220
−9.0%
$1,098–$1,342
1BR
$1,400
$1,260
−10.0%
$1,134–$1,386
2BR
$1,640
$1,480
−9.8%
$1,332–$1,628
3BR
$2,060
$1,860
−9.7%
$1,674–$2,046
4BR
$2,630
$2,370
−9.9%
$2,133–$2,607
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 76203
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,220
$1,260
$1,480
$1,860
$2,370
FY 2026
$1,340
$1,400
$1,640
$2,060
$2,630
FY 2025
$1,350
$1,420
$1,660
$2,090
$2,690
FY 2024
$1,490
$1,570
$1,840
$2,320
$2,980
FY 2023area FMR
$1,259
$1,326
$1,565
$1,972
$2,572
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Denton County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 76203?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,480, that basic range is $1,332 to $1,628 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 76203 in?
ZIP 76203 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 76203 for FY 2027?
The two-bedroom FMR fell 9.8%, from $1,640 in FY 2026 to $1,480 in FY 2027. Since FY 2024 it has fallen 19.6%.
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