HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Parker County, Texas (FY 2027)
A two-bedroom in Parker County carries a FY 2027 Fair Market Rent of $1,745 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Parker keys off that figure.
Two-bedroom FMR
$1,745
+1.3% from FY 2026
Payment standard
$1,571–$1,920
90% to 110% of the FMR, two-bedroom
Income to afford
$69,800
a year, with rent at 30% of income
Rank in Texas
16th of 254
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,461 | $1,315–$1,607 | $58,440 | $28.10/hr | +2.4% |
| 1 bedroom | $1,481 | $1,333–$1,629 | $59,240 | $28.48/hr | +0.5% |
| 2 bedroom | $1,745 | $1,571–$1,920 | $69,800 | $33.56/hr | +1.3% |
| 3 bedroom | $2,284 | $2,056–$2,512 | $91,360 | $43.92/hr | +0.5% |
| 4 bedroom | $2,866 | $2,579–$3,153 | $114,640 | $55.12/hr | +1.8% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,296 | $2,966–$3,626 |
| 6 bedroom Estimate | $3,726 | $3,353–$4,099 |
| 7 bedroom Estimate | $4,156 | $3,740–$4,572 |
| 8 bedroom Estimate | $4,586 | $4,127–$5,045 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Parker actually rent for?
Search any address in Parker for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Parker somewhere between $1,571 and $1,920. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,745 a month is affordable, by HUD's 30% rule, on an income of roughly $69,800 a year. Put another way, $34 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,571 | Voucher pays at 100%$1,745 | Voucher pays at 110%$1,920 |
|---|---|---|---|---|
| $2,500 | $750 | $821 | $995 | $1,170 |
| $4,000 | $1,200 | $371 | $545 | $720 |
Rate history
The two-bedroom rate went up 1% from FY 2026 ($1,723) to FY 2027 ($1,745). Since FY 2020 it's up 50% in total, about 5.9% a year. The Texas median moved up 5% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $838 | $945 | $1,165 | $1,579 | $1,980 | — |
| FY 2021 | $901 | $1,021 | $1,242 | $1,661 | $2,077 | +6.6% |
| FY 2022 | $939 | $1,064 | $1,269 | $1,685 | $2,098 | +2.2% |
| FY 2023 | $1,101 | $1,234 | $1,456 | $1,927 | $2,385 | +14.7% |
| FY 2024 | $1,266 | $1,384 | $1,617 | $2,144 | $2,615 | +11.1% |
| FY 2025 | $1,371 | $1,461 | $1,705 | $2,256 | $2,752 | +5.4% |
| FY 2026 | $1,427 | $1,473 | $1,723 | $2,273 | $2,815 | +1.1% |
| FY 2027In effect | $1,461 | $1,481 | $1,745 | $2,284 | $2,866 | +1.3% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Parker, that runs from $1,461 for a studio up to $2,866 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Parker in with 2 other counties in the Fort Worth-Arlington metro, Tarrant County, Johnson County among them, and every one of them gets $1,745 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Texas's 254 counties, Parker ranks 16th for two-bedroom FMR. That's about 58% above the state median of $1,105 and about 64% above the national median county at $1,063. About 165,168 people live here, 31st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,120 in 76066 (Millsap) and $2,620 in 76008 (Aledo), with the 12 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 76008 | Aledo | $2,620 | +50.1% |
| 76066 | Millsap | $1,120 | -35.8% |
| 76082 | Springtown | $1,490 | -14.6% |
| 76085 | Weatherford | $1,980 | +13.5% |
| 76086 | Weatherford | $1,700 | -2.6% |
| 76087 | Weatherford | $2,040 | +16.9% |
| 76088 | Weatherford | $1,680 | -3.7% |
| 76098 | Azle | $1,730 | -0.9% |
| 76439 | Dennis | $1,730 | -0.9% |
| 76485 | Peaster | $1,730 | -0.9% |
| 76487 | Poolville | $2,090 | +19.8% |
| 76490 | Whitt | $1,170 | -33.0% |
Counties sharing the Fort Worth-Arlington metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,745 two-bedroom figure as Parker.
Nearby counties
Two-bedroom FMR, with how each compares to Parker.
Hood County
27 mi · 65,894 people
$1,463
-16%
Wise County
29 mi · 75,005 people
$1,164
-33%
Palo Pinto County
30 mi · 29,295 people
$1,129
-35%
Tarrant County
31 mi · 2,167,390 people
$1,745
same rate
Jack County
36 mi · 8,882 people
$1,022
-41%
Somervell County
39 mi · 9,691 people
$1,014
-42%
Johnson County
40 mi · 195,597 people
$1,745
same rate
Denton County
47 mi · 979,561 people
$1,807
+4%
Questions people ask
$1,745 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,461 for a studio, $1,481 for one bedroom, $2,284 for three and $2,866 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Parker actually go for?
HUD's number is one input. Search any address in Parker for a rent estimate built from nearby comps. Free to start, no card.
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