FMR is near market; voucher and private rents are aligned.
1.06
1 BR
1 BR
1.14ratio
FMR$920
Market$810
vs market+$110
FMR is above market; underwrite to market rent.
1.14
2 BR
2 BR
0.94ratio
FMR$1,120
Market$1,190
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR
1.00ratio
FMR$1,490
Market$1,490
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR
0.73ratio
FMR$1,650
Market$2,250
vs market-$600
FMR is below market; voucher rent may lag private rents.
0.73
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
--
ZIP 78840 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78840 (Del Rio, TX) is $1,120 a month. That is up 5.7% from $1,060 in FY 2026. Del Rio is in the Edwards County, TX non-metropolitan 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 county-wide two-bedroom FMR of $1,078. Among 4 ZIP codes in Edwards County, 78840 has the 2nd-highest two-bedroom rent (county range $1,080–$1,130). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78840 is 1% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 78840
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$870
+2.4%
$783–$957
1BR
$860
$920
+7.0%
$828–$1,012
2BR
$1,060
$1,120
+5.7%
$1,008–$1,232
3BR
$1,440
$1,490
+3.5%
$1,341–$1,639
4BR
$1,450
$1,650
+13.8%
$1,485–$1,815
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 78840
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$870
$920
$1,120
$1,490
$1,650
FY 2026
$850
$860
$1,060
$1,440
$1,450
FY 2025
$760
$770
$980
$1,290
$1,360
FY 2024area FMR
$791
$818
$1,016
$1,332
$1,510
FY 2023area FMR
$667
$705
$885
$1,161
$1,302
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Edwards County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 78840?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,078, which applies unless the housing authority uses Small Area FMRs, that basic range is $970 to $1,186 a month; under the ZIP-level Small Area FMR of $1,120 it would be $1,008 to $1,232. 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 78840 in?
ZIP 78840 is in the Edwards County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,078.
How much did fair market rent change in ZIP 78840 for FY 2027?
The two-bedroom FMR rose 5.7%, from $1,060 in FY 2026 to $1,120 in FY 2027. Since FY 2025 it has risen 14.3%.
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