FY2027 Small Area FMR · Lipan, TX
ZIP 76462 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 76462 (Lipan, TX) is $1,440 a month, up 5.9% from FY2026. That is 17% below the Fort Worth-Arlington, TX area-wide FMR of $1,745.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 76462 sits in the Fort Worth-Arlington, TX area
Of the 126 ZIP codes HUD lists for the area, 76462 has the 111th highest two-bedroom Small Area FMR. Fort Worth-Arlington, TX is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,296 and $1,584 for two bedrooms.
ZIP code 76462 crosses more than one HUD area. HUD also lists it under Erath County, TX (same figures), Hood County, TX (same figures) and Palo Pinto County, TX (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,120 | $1,008 – $1,232 | $1,461 | $1,090 |
| 1 bedroom | $1,210 | $1,089 – $1,331 | $1,481 | $1,150 |
| 2 bedrooms | $1,440 | $1,296 – $1,584 | $1,745 | $1,360 |
| 3 bedrooms | $1,900 | $1,710 – $2,090 | $2,284 | $1,760 |
| 4 bedrooms | $2,330 | $2,097 – $2,563 | $2,866 | $2,190 |
A household renting a two-bedroom home at the Small Area FMR of $1,440 needs about $57,600 a year to keep housing costs at 30% of income. The area median family income is $110,300 and the 80% low-income limit for four people is $88,250. ZIP code 76462 lies mainly in Hood County, Erath County and Parker County. See the Fort Worth-Arlington, TX metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 76462?
HUD's FY2027 Small Area Fair Market Rents for 76462 are $1,120 (studio), $1,210 (1 BR), $1,440 (2 BR), $1,900 (3 BR) and $2,330 (4 BR) a month.
What is the Section 8 payment standard in 76462?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 76462 that range is $1,296 to $1,584 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 76462?
The FY2026 income limits of the Fort Worth-Arlington, TX area apply: median family income $110,300, low-income (80%) limit $88,250 for a family of four.