FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR
0.92ratio
FMR$927
Market$1,010
vs market-$83
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.97ratio
FMR$1,138
Market$1,170
vs market-$32
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR
1.06ratio
FMR$1,576
Market$1,480
vs market+$96
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR
1.21ratio
FMR$1,902
Market$1,570
vs market+$332
FMR is above market; underwrite to market rent.
1.21
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 76508 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 76508 (Temple, TX) is $1,138 a month. That is down 7.7% from $1,233 in FY 2026. Temple is in the Killeen-Temple, TX HUD Metro FMR Area. The median county two-bedroom FMR in Texas is $1,105, so ZIP 76508 is 3% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 76508
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$983
$921
−6.3%
$829–$1,013
1BR
$990
$927
−6.4%
$834–$1,020
2BR
$1,233
$1,138
−7.7%
$1,024–$1,252
3BR
$1,711
$1,576
−7.9%
$1,418–$1,734
4BR
$2,068
$1,902
−8.0%
$1,712–$2,092
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 76508
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$921
$927
$1,138
$1,576
$1,902
FY 2026
$983
$990
$1,233
$1,711
$2,068
FY 2025SAFMR
$930
$940
$1,180
$1,640
$1,980
FY 2024SAFMR
$900
$900
$1,140
$1,610
$1,930
FY 2023SAFMR
$750
$760
$960
$1,360
$1,640
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about ZIP 76508 rents
How much will Section 8 pay for a two-bedroom in ZIP 76508?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,138, that basic range is $1,024 to $1,252 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 76508 in?
ZIP 76508 is in the Killeen-Temple, TX HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 76508 for FY 2027?
The two-bedroom FMR fell 7.7%, from $1,233 in FY 2026 to $1,138 in FY 2027.
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