Texas · FIPS 48159 · HUD FY 2027
Franklin County, Texas Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Franklin County is $1,151 a month (rent plus utilities), 23% below the Texas average of $1,488 and 35% below the U.S. average of $1,761. That is up $44 (4.0%) from FY 2026. At 30% of income, a household needs about $46,040 a year to afford it.
- $1,1512-bedroom FMR+$44 (+4.0%) vs FY 2026
- $9161-bedroom FMRTexas: $1,247 · U.S.: $1,478
- $46,040Income for a 2-bedroom$22/hour full-time
- 95 of 2542BR rank in Texas1 = highest rent
| Unit | Franklin County FY 2027 | FY 2026 | Change | Texas avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $875 | $861 | +$14 (+1.6%) | $1,192 | $1,379 | $35,000 |
| 1 bedroom | $916 | $885 | +$31 (+3.5%) | $1,247 | $1,478 | $36,640 |
| 2 bedrooms | $1,151 | $1,107 | +$44 (+4.0%) | $1,488 | $1,761 | $46,040 |
| 3 bedrooms | $1,371 | $1,327 | +$44 (+3.3%) | $1,939 | $2,266 | $54,840 |
| 4 bedrooms | $1,658 | $1,629 | +$29 (+1.8%) | $2,341 | $2,607 | $66,320 |
How Franklin County compares
- Franklin County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Texas, 2-bedroom FMRs run from $1,014 (Zavala County) to $1,817 (Bastrop County).
- Studio to 4-bedroom: $875, $916, $1,151, $1,371, $1,658. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 3 ZIP codes mostly in Franklin County (by land area), the 2-bedroom figure ranges from $1,010 to $1,130.
Small Area FMRs by ZIP code in Franklin County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 75457 | $860 | $900 | $1,130 | $1,350 | $1,630 | +$40 (+3.7%) | 2% below |
| 75480 | $810 | $910 | $1,110 | $1,370 | $1,570 | +$20 (+1.8%) | 4% below |
| 75487 | $790 | $820 | $1,010 | $1,280 | $1,470 | +$40 (+4.1%) | 12% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.