Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 77977 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77977 (Placedo, TX) is $1,300 a month. That is up 3.2% from $1,260 in FY 2026. Placedo 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, 77977 is tied for the 9th-highest two-bedroom rent (county range $1,300–$1,560). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77977 is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 77977
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,040
+5.1%
$936–$1,144
1BR
$1,010
$1,040
+3.0%
$936–$1,144
2BR
$1,260
$1,300
+3.2%
$1,170–$1,430
3BR
$1,530
$1,560
+2.0%
$1,404–$1,716
4BR
$1,670
$1,720
+3.0%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 77977
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,040
$1,040
$1,300
$1,560
$1,720
FY 2026
$990
$1,010
$1,260
$1,530
$1,670
FY 2025
$930
$980
$1,180
$1,510
$1,630
FY 2024
$930
$940
$1,170
$1,460
$1,610
FY 2023
$710
$780
$970
$1,240
$1,410
Two-bedroom rent in nearby Victoria County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 77977?
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 $1,300 it would be $1,170 to $1,430. 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 77977 in?
ZIP 77977 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 77977 for FY 2027?
The two-bedroom FMR rose 3.2%, from $1,260 in FY 2026 to $1,300 in FY 2027. Since FY 2023 it has risen 34.0%.
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