FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR
0.90ratio
FMR$1,540
Market$1,720
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.90
4 BR
4 BR
0.91ratio
FMR$1,820
Market$2,000
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.91
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 79699 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79699 (Abilene, TX) is $1,180 a month. That is up 4.4% from $1,130 in FY 2026. Abilene is in the Abilene, 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 $1,310. Among 19 ZIP codes in Taylor County, 79699 is tied for the 13th-highest two-bedroom rent (county range $1,150–$1,970). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79699 is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 79699
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$900
$910
+1.1%
$819–$1,001
1BR
$900
$940
+4.4%
$846–$1,034
2BR
$1,130
$1,180
+4.4%
$1,062–$1,298
3BR
$1,470
$1,540
+4.8%
$1,386–$1,694
4BR
$1,760
$1,820
+3.4%
$1,638–$2,002
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 79699
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$940
$1,180
$1,540
$1,820
FY 2026
$900
$900
$1,130
$1,470
$1,760
FY 2025
$840
$840
$1,070
$1,400
$1,690
FY 2024
$750
$760
$970
$1,290
$1,550
FY 2023
$630
$670
$870
$1,180
$1,440
Two-bedroom rent in nearby Taylor County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 79699?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,310, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,179 to $1,441 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 79699 in?
ZIP 79699 is in the Abilene, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,310.
How much did fair market rent change in ZIP 79699 for FY 2027?
The two-bedroom FMR rose 4.4%, from $1,130 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 35.6%.
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