FMR is below market; voucher rent may lag private rents.
0.48
1 BR
1 BR
0.53ratio
FMR$910
Market$1,710
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.53
2 BR
2 BR
0.63ratio
FMR$1,080
Market$1,710
vs market-$630
FMR is below market; voucher rent may lag private rents.
0.63
3 BR
3 BR
0.75ratio
FMR$1,440
Market$1,910
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR
0.76ratio
FMR$1,550
Market$2,050
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.76
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 78592 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78592 (Santa Maria, TX) is $1,080 a month. That is up 0.9% from $1,070 in FY 2026. Santa Maria is in the Brownsville-Harlingen, 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 $1,042. Among 22 ZIP codes in Cameron County, 78592 has the 7th-highest two-bedroom rent (county range $1,010–$1,490). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78592 is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 78592
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$850
+6.3%
$765–$935
1BR
$880
$910
+3.4%
$819–$1,001
2BR
$1,070
$1,080
+0.9%
$972–$1,188
3BR
$1,440
$1,440
0.0%
$1,296–$1,584
4BR
$1,520
$1,550
+2.0%
$1,395–$1,705
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 78592
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$850
$910
$1,080
$1,440
$1,550
FY 2026
$800
$880
$1,070
$1,440
$1,520
FY 2025
$660
$740
$930
$1,240
$1,290
FY 2024
$620
$710
$910
$1,190
$1,290
FY 2023
$580
$650
$830
$1,070
$1,210
Two-bedroom rent in nearby Cameron County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 78592?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,042, which applies unless the housing authority uses Small Area FMRs, that basic range is $938 to $1,146 a month; under the ZIP-level Small Area FMR of $1,080 it would be $972 to $1,188. 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 78592 in?
ZIP 78592 is in the Brownsville-Harlingen, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,042.
How much did fair market rent change in ZIP 78592 for FY 2027?
The two-bedroom FMR rose 0.9%, from $1,070 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has risen 30.1%.
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