FY2027 Small Area FMR · Canyon, TX

ZIP 79016 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 79016 (Canyon, TX) is $1,030 a month, down 1.9% from FY2026. That is 7% below the Amarillo, TX area-wide FMR of $1,107.

2-bedroom SAFMR$1,030per month ▼ 1.9%

Area-wide 2 BR FMR$1,107Amarillo, TX

Rank in the area28thof 36 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$740■ 0.0%

1 BR$840▼ 2.3%

2 BR$1,030▼ 1.9%

3 BR$1,410▼ 2.1%

4 BR$1,570▼ 6.0%

FY2027 FY2026

Where 79016 sits in the Amarillo, TX area

Of the 36 ZIP codes HUD lists for the area, 79016 has the 28th highest two-bedroom Small Area FMR. Amarillo, TX is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,107 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$740	$666 – $814	$797	$740
1 bedroom	$840	$756 – $924	$904	$860
2 bedrooms	$1,030	$927 – $1,133	$1,107	$1,050
3 bedrooms	$1,410	$1,269 – $1,551	$1,512	$1,440
4 bedrooms	$1,570	$1,413 – $1,727	$1,678	$1,670

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $90,700 and the 80% low-income limit for four people is $72,800. ZIP code 79016 lies mainly in Randall County. See the Amarillo, TX metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
79015	Canyon	3.2 mi	$1,030
79119	Amarillo	10.3 mi	$1,280
79110	Amarillo	11.6 mi	$1,260
79109	Amarillo	12.8 mi	$1,160
79091	Umbarger	13.0 mi	$1,190
79118	Amarillo	13.2 mi	$1,370

Questions

What is the Fair Market Rent for ZIP code 79016?

HUD's FY2027 Small Area Fair Market Rents for 79016 are $740 (studio), $840 (1 BR), $1,030 (2 BR), $1,410 (3 BR) and $1,570 (4 BR) a month.

What is the Section 8 payment standard in 79016?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 79016 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 79016?

The FY2026 income limits of the Amarillo, TX area apply: median family income $90,700, low-income (80%) limit $72,800 for a family of four.