FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR
0.64ratio
FMR$1,240
Market$1,940
vs market-$700
FMR is below market; voucher rent may lag private rents.
0.64
2 BR
2 BR
0.66ratio
FMR$1,470
Market$2,220
vs market-$750
FMR is below market; voucher rent may lag private rents.
0.66
3 BR
3 BR
0.84ratio
FMR$1,980
Market$2,370
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.84
4 BR
4 BR
0.74ratio
FMR$2,460
Market$3,330
vs market-$870
FMR is below market; voucher rent may lag private rents.
0.74
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 77207 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77207 (Houston, TX) is $1,470 a month. That is down 4.5% from $1,540 in FY 2026. Houston is in the Houston-The Woodlands-Sugar Land, TX HUD Metro 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 metro-wide two-bedroom FMR of $1,497. Among 229 ZIP codes in Harris County, 77207 is tied for the 73rd-highest two-bedroom rent (county range $1,020–$2,250). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77207 is 33% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 77207
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,250
$1,210
−3.2%
$1,089–$1,331
1BR
$1,290
$1,240
−3.9%
$1,116–$1,364
2BR
$1,540
$1,470
−4.5%
$1,323–$1,617
3BR
$2,070
$1,980
−4.3%
$1,782–$2,178
4BR
$2,580
$2,460
−4.7%
$2,214–$2,706
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 77207
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,210
$1,240
$1,470
$1,980
$2,460
FY 2026
$1,250
$1,290
$1,540
$2,070
$2,580
FY 2025
$1,200
$1,260
$1,500
$2,000
$2,520
FY 2024
$1,050
$1,110
$1,330
$1,760
$2,260
FY 2023
$1,010
$1,070
$1,280
$1,690
$2,180
Questions about ZIP 77207 rents
How much will Section 8 pay for a two-bedroom in ZIP 77207?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,497, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,347 to $1,647 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 77207 in?
ZIP 77207 is in the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,497.
How much did fair market rent change in ZIP 77207 for FY 2027?
The two-bedroom FMR fell 4.5%, from $1,540 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 14.8%.
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