FMR is near market; voucher and private rents are aligned.
0.98
1 BR
1 BR
1.09ratio
FMR$970
Market$890
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR
0.73ratio
FMR$1,150
Market$1,580
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR
0.86ratio
FMR$1,560
Market$1,810
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR
0.82ratio
FMR$1,920
Market$2,350
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.82
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 79968 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 79968 (El Paso, TX) is $1,150 a month. That is down 3.4% from $1,190 in FY 2026. El Paso is in the El Paso, TX HUD Metro 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 metro-wide two-bedroom FMR of $1,146. Among 60 ZIP codes in El Paso County, 79968 is tied for the 15th-highest two-bedroom rent (county range $1,080–$1,720). The median county two-bedroom FMR in Texas is $1,105, so ZIP 79968 is 4% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 79968
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$820
$800
−2.4%
$720–$880
1BR
$1,010
$970
−4.0%
$873–$1,067
2BR
$1,190
$1,150
−3.4%
$1,035–$1,265
3BR
$1,630
$1,560
−4.3%
$1,404–$1,716
4BR
$2,000
$1,920
−4.0%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 79968
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$800
$970
$1,150
$1,560
$1,920
FY 2026
$820
$1,010
$1,190
$1,630
$2,000
FY 2025
$820
$1,020
$1,190
$1,640
$2,000
FY 2024
$800
$980
$1,150
$1,590
$1,950
FY 2023
$670
$830
$980
$1,360
$1,670
Questions about ZIP 79968 rents
How much will Section 8 pay for a two-bedroom in ZIP 79968?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,146, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,031 to $1,261 a month; under the ZIP-level Small Area FMR of $1,150 it would be $1,035 to $1,265. 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 79968 in?
ZIP 79968 is in the El Paso, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,146.
How much did fair market rent change in ZIP 79968 for FY 2027?
The two-bedroom FMR fell 3.4%, from $1,190 in FY 2026 to $1,150 in FY 2027. Since FY 2023 it has risen 17.3%.
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