HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Terrell County, Texas (FY 2027)
$1,078 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Terrell County, and it's the baseline every voucher in Terrell is measured against.
Two-bedroom FMR
$1,078
+6.2% from FY 2026
Payment standard
$970–$1,186
90% to 110% of the FMR, two-bedroom
Income to afford
$43,120
a year, with rent at 30% of income
Rank in Texas
163rd 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 | $819 | $737–$901 | $32,760 | $15.75/hr | +3.8% |
| 1 bedroom | $858 | $772–$944 | $34,320 | $16.50/hr | +5.8% |
| 2 bedroom | $1,078 | $970–$1,186 | $43,120 | $20.73/hr | +6.2% |
| 3 bedroom | $1,393 | $1,254–$1,532 | $55,720 | $26.79/hr | +5.5% |
| 4 bedroom | $1,553 | $1,398–$1,708 | $62,120 | $29.87/hr | +4.0% |
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 | $1,786 | $1,607–$1,965 |
| 6 bedroom Estimate | $2,019 | $1,817–$2,221 |
| 7 bedroom Estimate | $2,252 | $2,027–$2,477 |
| 8 bedroom Estimate | $2,485 | $2,237–$2,734 |
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 Terrell actually rent for?
Search any address in Terrell 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 Terrell somewhere between $970 and $1,186. 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.
$1,078 a month is affordable, by HUD's 30% rule, on an income of roughly $43,120 a year. Put another way, $21 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%$970 | Voucher pays at 100%$1,078 | Voucher pays at 110%$1,186 |
|---|---|---|---|---|
| $2,500 | $750 | $220 | $328 | $436 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 6% from FY 2026 ($1,015) to FY 2027 ($1,078). Since FY 2020 it's up 32% in total, about 4.1% 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 | $604 | $651 | $815 | $1,083 | $1,226 | — |
| FY 2021 | $622 | $673 | $848 | $1,119 | $1,254 | +4.0% |
| FY 2022 | $608 | $652 | $822 | $1,084 | $1,200 | -3.1% |
| FY 2023 | $667 | $705 | $885 | $1,161 | $1,302 | +7.7% |
| FY 2024 | $791 | $818 | $1,016 | $1,332 | $1,510 | +14.8% |
| FY 2025 | $766 | $786 | $976 | $1,273 | $1,459 | -3.9% |
| FY 2026 | $789 | $811 | $1,015 | $1,321 | $1,493 | +4.0% |
| FY 2027In effect | $819 | $858 | $1,078 | $1,393 | $1,553 | +6.2% |
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 Terrell, that runs from $819 for a studio up to $1,553 for four bedrooms, all five rates in the table above.
Because Terrell sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Dryden included.
Among Texas's 254 counties, Terrell ranks 163rd for two-bedroom FMR. That's about 2% below the state median of $1,105 and within a couple percent of the national median county at $1,063. About 835 people live here, 247th in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 2 ZIP codes it covers in Terrell, the two-bedroom rate is $1,080 across the board, so there's no ZIP-level story here.
Nearby counties
Two-bedroom FMR, with how each compares to Terrell.
Pecos County
65 mi · 14,896 people
$1,078
same rate
Brewster County
75 mi · 9,503 people
$1,028
-5%
Crockett County
75 mi · 2,822 people
$1,078
same rate
Val Verde County
83 mi · 47,741 people
$1,119
+4%
Upton County
85 mi · 3,191 people
$1,078
same rate
Crane County
91 mi · 4,610 people
$1,014
-6%
Reagan County
101 mi · 3,232 people
$1,014
-6%
Sutton County
102 mi · 3,277 people
$1,078
same rate
Questions people ask
$1,078 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $819 for a studio, $858 for one bedroom, $1,393 for three and $1,553 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 Terrell actually go for?
HUD's number is one input. Search any address in Terrell for a rent estimate built from nearby comps. Free to start, no card.
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