FMR is below market; voucher rent may lag private rents.
0.70
1 BR
1 BR
0.71ratio
FMR$1,220
Market$1,710
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.71
2 BR
2 BR
0.84ratio
FMR$1,460
Market$1,730
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR
1.05ratio
FMR$1,960
Market$1,870
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR
1.19ratio
FMR$2,430
Market$2,040
vs market+$390
FMR is above market; underwrite to market rent.
1.19
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 77466 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77466 (Pattison, TX) is $1,460 a month. That is down 1.4% from $1,480 in FY 2026. Pattison 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 11 ZIP codes in Waller County, 77466 has the 6th-highest two-bedroom rent (county range $1,040–$2,250). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77466 is 32% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 77466
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,200
$1,190
−0.8%
$1,071–$1,309
1BR
$1,240
$1,220
−1.6%
$1,098–$1,342
2BR
$1,480
$1,460
−1.4%
$1,314–$1,606
3BR
$2,000
$1,960
−2.0%
$1,764–$2,156
4BR
$2,490
$2,430
−2.4%
$2,187–$2,673
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 77466
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,220
$1,460
$1,960
$2,430
FY 2026
$1,200
$1,240
$1,480
$2,000
$2,490
FY 2025
$1,130
$1,180
$1,400
$1,870
$2,340
FY 2024
$910
$960
$1,150
$1,520
$1,950
FY 2023
$890
$950
$1,130
$1,490
$1,920
Two-bedroom rent in nearby Waller County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 77466?
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 $1,460 it would be $1,314 to $1,606. 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 77466 in?
ZIP 77466 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 77466 for FY 2027?
The two-bedroom FMR fell 1.4%, from $1,480 in FY 2026 to $1,460 in FY 2027. Since FY 2023 it has risen 29.2%.
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