FMR is below market; voucher rent may lag private rents.
0.64
1 BR
1 BR
0.67ratio
FMR$920
Market$1,370
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.67
2 BR
2 BR
0.70ratio
FMR$1,170
Market$1,670
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.70
3 BR
3 BR
0.78ratio
FMR$1,620
Market$2,080
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.78
4 BR
4 BR
0.78ratio
FMR$1,960
Market$2,520
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.78
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 77473 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77473 (San Felipe, TX) is $1,170 a month. That is down 6.4% from $1,250 in FY 2026. San Felipe is in the Austin County, 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 $1,069. Among 13 ZIP codes in Austin County, 77473 is tied for the 8th-highest two-bedroom rent (county range $1,010–$1,450). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77473 is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 77473
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$910
−9.9%
$819–$1,001
1BR
$1,020
$920
−9.8%
$828–$1,012
2BR
$1,250
$1,170
−6.4%
$1,053–$1,287
3BR
$1,740
$1,620
−6.9%
$1,458–$1,782
4BR
$2,100
$1,960
−6.7%
$1,764–$2,156
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 77473
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$920
$1,170
$1,620
$1,960
FY 2026
$1,010
$1,020
$1,250
$1,740
$2,100
FY 2025
$950
$1,050
$1,180
$1,650
$1,930
FY 2024
$870
$980
$1,100
$1,550
$1,870
FY 2023
$730
$940
$1,090
$1,550
$1,860
Two-bedroom rent in nearby Austin County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 77473?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,069, which applies unless the housing authority uses Small Area FMRs, that basic range is $962 to $1,176 a month; under the ZIP-level Small Area FMR of $1,170 it would be $1,053 to $1,287. 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 77473 in?
ZIP 77473 is in the Austin County, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,069.
How much did fair market rent change in ZIP 77473 for FY 2027?
The two-bedroom FMR fell 6.4%, from $1,250 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 7.3%.
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