For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78406 (Corpus Christi, TX) is $1,890 a month. That is up 6.2% from $1,780 in FY 2026. Corpus Christi is in the Corpus Christi, 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 $1,421. Among 40 ZIP codes in Nueces County, 78406 has the 3rd-highest two-bedroom rent (county range $1,230–$2,130). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78406 is 71% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 78406
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,340
$1,420
+6.0%
$1,278–$1,562
1BR
$1,460
$1,560
+6.8%
$1,404–$1,716
2BR
$1,780
$1,890
+6.2%
$1,701–$2,079
3BR
$2,340
$2,470
+5.6%
$2,223–$2,717
4BR
$2,680
$2,780
+3.7%
$2,502–$3,058
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 78406
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,420
$1,560
$1,890
$2,470
$2,780
FY 2026
$1,340
$1,460
$1,780
$2,340
$2,680
FY 2025
$1,290
$1,380
$1,700
$2,220
$2,590
FY 2024
$1,190
$1,270
$1,560
$2,030
$2,380
FY 2023
$1,070
$1,160
$1,420
$1,850
$2,170
Two-bedroom rent in nearby Nueces County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 78406?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,421, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,279 to $1,563 a month; under the ZIP-level Small Area FMR of $1,890 it would be $1,701 to $2,079. 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 78406 in?
ZIP 78406 is in the Corpus Christi, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,421.
How much did fair market rent change in ZIP 78406 for FY 2027?
The two-bedroom FMR rose 6.2%, from $1,780 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 33.1%.
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