FY2027 Small Area FMR · Loop, TX

ZIP 79342 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 79342 (Loop, TX) is $1,030 a month, up 1.0% from FY2026. That is 2% above the Gaines County, TX area-wide FMR of $1,014.

2-bedroom SAFMR$1,030per month ▲ 1.0%

Area-wide 2 BR FMR$1,014Gaines County, TX

Rank in the area5thof 5 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$780▼ 1.3%

1 BR$850■ 0.0%

2 BR$1,030▲ 1.0%

3 BR$1,250▲ 0.8%

4 BR$1,490▼ 0.7%

FY2027 FY2026

Where 79342 sits in the Gaines County, TX area

Of the 5 ZIP codes HUD lists for the area, 79342 has the 5th highest two-bedroom Small Area FMR. Gaines County, 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 $1,014 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	$780	$702 – $858	$771	$790
1 bedroom	$850	$765 – $935	$869	$850
2 bedrooms	$1,030	$927 – $1,133	$1,014	$1,020
3 bedrooms	$1,250	$1,125 – $1,375	$1,208	$1,240
4 bedrooms	$1,490	$1,341 – $1,639	$1,461	$1,500

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 $87,900 and the 80% low-income limit for four people is $73,300. ZIP code 79342 lies mainly in Gaines County. See the Gaines County, TX county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
79377	Welch	11.9 mi	$1,200
79378	Wellman	13.1 mi	$1,020
79359	Seagraves	15.1 mi	$1,070
79316	Brownfield	15.9 mi	$1,020
79331	Lamesa	24.0 mi	$1,600
79360	Seminole	27.1 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 79342?

HUD's FY2027 Small Area Fair Market Rents for 79342 are $780 (studio), $850 (1 BR), $1,030 (2 BR), $1,250 (3 BR) and $1,490 (4 BR) a month.

What is the Section 8 payment standard in 79342?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 79342 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 79342?

The FY2026 income limits of the Gaines County, TX area apply: median family income $87,900, low-income (80%) limit $73,300 for a family of four.