FMR is below market; voucher rent may lag private rents.
0.45
1 BR
1 BR
0.61ratio
FMR$1,000
Market$1,640
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.61
2 BR
2 BR
0.67ratio
FMR$1,310
Market$1,960
vs market-$650
FMR is below market; voucher rent may lag private rents.
0.67
3 BR
3 BR
0.66ratio
FMR$1,620
Market$2,450
vs market-$830
FMR is below market; voucher rent may lag private rents.
0.66
4 BR
4 BR
0.61ratio
FMR$1,720
Market$2,810
vs market-$1,090
FMR is below market; voucher rent may lag private rents.
0.61
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 76241 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76241 (Gainesville, TX) is $1,310 a month. That is up 4.0% from $1,260 in FY 2026. Gainesville is in the Cooke 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 $1,314. Among 16 ZIP codes in Cooke County, 76241 is tied for the 9th-highest two-bedroom rent (county range $1,090–$1,870). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76241 is 19% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 76241
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$950
$990
+4.2%
$891–$1,089
1BR
$960
$1,000
+4.2%
$900–$1,100
2BR
$1,260
$1,310
+4.0%
$1,179–$1,441
3BR
$1,550
$1,620
+4.5%
$1,458–$1,782
4BR
$1,720
$1,720
0.0%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 76241
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,000
$1,310
$1,620
$1,720
FY 2026
$950
$960
$1,260
$1,550
$1,720
FY 2025
$900
$910
$1,190
$1,470
$1,780
FY 2024area FMR
$901
$907
$1,192
$1,523
$1,877
FY 2023area FMR
$794
$799
$1,013
$1,356
$1,506
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 76241?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,314, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,183 to $1,445 a month; under the ZIP-level Small Area FMR of $1,310 it would be $1,179 to $1,441. 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 76241 in?
ZIP 76241 is in the Cooke County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,314.
How much did fair market rent change in ZIP 76241 for FY 2027?
The two-bedroom FMR rose 4.0%, from $1,260 in FY 2026 to $1,310 in FY 2027. Since FY 2025 it has risen 10.1%.
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