FMR is near market; voucher and private rents are aligned.
0.97
1 BR
1 BR
0.97ratio
FMR$1,210
Market$1,250
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR
1.02ratio
FMR$1,320
Market$1,290
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR
0.96ratio
FMR$1,790
Market$1,870
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR
1.03ratio
FMR$2,210
Market$2,150
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.03
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 77542 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77542 (Freeport, TX) is $1,320 a month. That is down 2.9% from $1,360 in FY 2026. Freeport is in the Brazoria 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 $1,319. Among 25 ZIP codes in Brazoria County, 77542 is tied for the 11th-highest two-bedroom rent (county range $1,040–$2,220). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77542 is 20% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 77542
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,080
$1,020
−5.6%
$918–$1,122
1BR
$1,240
$1,210
−2.4%
$1,089–$1,331
2BR
$1,360
$1,320
−2.9%
$1,188–$1,452
3BR
$1,840
$1,790
−2.7%
$1,611–$1,969
4BR
$2,280
$2,210
−3.1%
$1,989–$2,431
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 77542
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,210
$1,320
$1,790
$2,210
FY 2026
$1,080
$1,240
$1,360
$1,840
$2,280
FY 2025
$950
$1,140
$1,260
$1,680
$2,120
FY 2024
$960
$1,190
$1,340
$1,740
$2,270
FY 2023
$840
$1,110
$1,250
$1,610
$2,130
Two-bedroom rent in nearby Brazoria County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 77542?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,319, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,187 to $1,451 a month; under the ZIP-level Small Area FMR of $1,320 it would be $1,188 to $1,452. 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 77542 in?
ZIP 77542 is in the Brazoria County, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,319.
How much did fair market rent change in ZIP 77542 for FY 2027?
The two-bedroom FMR fell 2.9%, from $1,360 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 5.6%.
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