FMR is below market; voucher rent may lag private rents.
0.61
1 BR
1 BR
0.75ratio
FMR$960
Market$1,280
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR
0.81ratio
FMR$1,210
Market$1,500
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR
0.96ratio
FMR$1,740
Market$1,810
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.96
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 78935 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78935 (Alleyton, TX) is $1,210 a month. That is up 5.2% from $1,150 in FY 2026. Alleyton is in the Colorado 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 $1,211. Among 18 ZIP codes in Colorado County, 78935 is tied for the 5th-highest two-bedroom rent (county range $1,040–$1,310). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78935 is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 78935
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$890
$920
+3.4%
$828–$1,012
1BR
$920
$960
+4.3%
$864–$1,056
2BR
$1,150
$1,210
+5.2%
$1,089–$1,331
3BR
$1,380
$1,470
+6.5%
$1,323–$1,617
4BR
$1,690
$1,740
+3.0%
$1,566–$1,914
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 78935
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$920
$960
$1,210
$1,470
$1,740
FY 2026
$890
$920
$1,150
$1,380
$1,690
FY 2025
$790
$810
$1,010
$1,280
$1,510
FY 2024area FMR
$776
$782
$1,027
$1,269
$1,526
FY 2023area FMR
$672
$677
$891
$1,115
$1,311
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Colorado County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 78935?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,211, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,090 to $1,332 a month; under the ZIP-level Small Area FMR of $1,210 it would be $1,089 to $1,331. 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 78935 in?
ZIP 78935 is in the Colorado County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,211.
How much did fair market rent change in ZIP 78935 for FY 2027?
The two-bedroom FMR rose 5.2%, from $1,150 in FY 2026 to $1,210 in FY 2027. Since FY 2025 it has risen 19.8%.
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