For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 79491 (Lubbock, TX) is $1,241 a month. That is up 5.6% from $1,175 in FY 2026. Lubbock is in the Lubbock, TX HUD Metro FMR Area. The median county two-bedroom FMR in Texas is $1,105, so ZIP 79491 is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 79491
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$818
$893
+9.2%
$804–$982
1BR
$990
$1,050
+6.1%
$945–$1,155
2BR
$1,175
$1,241
+5.6%
$1,117–$1,365
3BR
$1,634
$1,718
+5.1%
$1,546–$1,890
4BR
$1,940
$2,053
+5.8%
$1,848–$2,258
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 79491
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$893
$1,050
$1,241
$1,718
$2,053
FY 2026
$818
$990
$1,175
$1,634
$1,940
FY 2025
$832
$1,007
$1,192
$1,658
$1,947
FY 2024
$778
$931
$1,113
$1,551
$1,829
FY 2023
$726
$838
$1,017
$1,425
$1,672
Questions about ZIP 79491 rents
How much will Section 8 pay for a two-bedroom in ZIP 79491?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,241, that basic range is $1,117 to $1,365 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 79491 in?
ZIP 79491 is in the Lubbock, TX HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 79491 for FY 2027?
The two-bedroom FMR rose 5.6%, from $1,175 in FY 2026 to $1,241 in FY 2027. Since FY 2023 it has risen 22.0%.
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