FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR
0.92ratio
FMR$1,196
Market$1,300
vs market-$104
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.79ratio
FMR$1,441
Market$1,820
vs market-$379
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR
1.03ratio
FMR$1,864
Market$1,810
vs market+$54
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR
1.01ratio
FMR$2,163
Market$2,140
vs market+$23
FMR is near market; voucher and private rents are aligned.
1.01
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 78135 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 78135 (New Braunfels, TX) is $1,441 a month. That is up 1.1% from $1,426 in FY 2026. New Braunfels is in the San Antonio-New Braunfels, TX HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Texas is $1,105, so ZIP 78135 is 30% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 78135
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,077
$1,099
+2.0%
$989–$1,209
1BR
$1,177
$1,196
+1.6%
$1,076–$1,316
2BR
$1,426
$1,441
+1.1%
$1,297–$1,585
3BR
$1,830
$1,864
+1.9%
$1,678–$2,050
4BR
$2,132
$2,163
+1.5%
$1,947–$2,379
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 78135
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,099
$1,196
$1,441
$1,864
$2,163
FY 2026
$1,077
$1,177
$1,426
$1,830
$2,132
FY 2025
$1,116
$1,231
$1,501
$1,907
$2,243
FY 2024
$1,067
$1,197
$1,458
$1,846
$2,206
FY 2023
$918
$1,057
$1,282
$1,631
$1,987
Questions about ZIP 78135 rents
How much will Section 8 pay for a two-bedroom in ZIP 78135?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,441, that basic range is $1,297 to $1,585 a month. 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 78135 in?
ZIP 78135 is in the San Antonio-New Braunfels, TX HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 78135 for FY 2027?
The two-bedroom FMR rose 1.1%, from $1,426 in FY 2026 to $1,441 in FY 2027. Since FY 2023 it has risen 12.4%.
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 Fair Market Rents. 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