FY2027 Small Area FMR · Muleshoe, TX
ZIP 79347 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 79347 (Muleshoe, TX) is $1,040 a month, up 5.1% from FY2026. That is 2% above the Bailey County, TX area-wide FMR of $1,015.
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 79347 sits in the Bailey County, TX area
Of the 7 ZIP codes HUD lists for the area, 79347 has the 4th highest two-bedroom Small Area FMR. Bailey 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 $1,015 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,040 for this ZIP code instead.
ZIP code 79347 crosses more than one HUD area. HUD also lists it under Castro County, TX (same figures), Lamb County, TX (same figures) and Parmer 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 | $790 | $711 – $869 | $772 | $770 |
| 1 bedroom | $820 | $738 – $902 | $808 | $790 |
| 2 bedrooms | $1,040 | $936 – $1,144 | $1,015 | $990 |
| 3 bedrooms | $1,330 | $1,197 – $1,463 | $1,312 | $1,280 |
| 4 bedrooms | $1,530 | $1,377 – $1,683 | $1,462 | $1,460 |
A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $86,000 and the 80% low-income limit for four people is $68,800. ZIP code 79347 lies mainly in Bailey County, Parmer County and Lamb County. See the Bailey County, TX county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 79347?
HUD's FY2027 Small Area Fair Market Rents for 79347 are $790 (studio), $820 (1 BR), $1,040 (2 BR), $1,330 (3 BR) and $1,530 (4 BR) a month.
What is the Section 8 payment standard in 79347?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 79347 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 79347?
The FY2026 income limits of the Bailey County, TX area apply: median family income $86,000, low-income (80%) limit $68,800 for a family of four.