FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR
0.89ratio
FMR$1,940
Market$2,170
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.89
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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ZIP 77903 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77903 (Victoria, TX) is $1,430 a month. That is down 1.4% from $1,450 in FY 2026. Victoria is in the Victoria, TX MSA. 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 $1,428. Among 14 ZIP codes in Victoria County, 77903 is tied for the 3rd-highest two-bedroom rent (county range $1,300–$1,560). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77903 is 29% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 77903
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,150
$1,140
−0.9%
$1,026–$1,254
1BR
$1,160
$1,150
−0.9%
$1,035–$1,265
2BR
$1,450
$1,430
−1.4%
$1,287–$1,573
3BR
$1,740
$1,700
−2.3%
$1,530–$1,870
4BR
$1,920
$1,940
+1.0%
$1,746–$2,134
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 77903
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,140
$1,150
$1,430
$1,700
$1,940
FY 2026
$1,150
$1,160
$1,450
$1,740
$1,920
FY 2025
$1,100
$1,100
$1,400
$1,690
$1,860
FY 2024
$1,010
$1,020
$1,280
$1,590
$1,760
FY 2023
$880
$950
$1,180
$1,500
$1,700
Two-bedroom rent in nearby Victoria County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 77903?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,428, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,285 to $1,571 a month; under the ZIP-level Small Area FMR of $1,430 it would be $1,287 to $1,573. 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 77903 in?
ZIP 77903 is in the Victoria, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,428.
How much did fair market rent change in ZIP 77903 for FY 2027?
The two-bedroom FMR fell 1.4%, from $1,450 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 21.2%.
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