FY2027 Small Area FMR · Midland, TX

ZIP 79702 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 79702 (Midland, TX) is $1,790 a month, up 0.6% from FY2026. That is 0% equal to the Midland, TX area-wide FMR of $1,794.

2-bedroom SAFMR$1,790per month ▲ 0.6%

Area-wide 2 BR FMR$1,794Midland, TX

Rank in the area5thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,611

2 BR Small Area FMR$1,790

110% of SAFMR$1,969

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

Studio$1,330▼ 7.0%

1 BR$1,400▼ 3.4%

2 BR$1,790▲ 0.6%

3 BR$2,220▼ 3.1%

4 BR$2,420▼ 9.7%

FY2027 FY2026

Where 79702 sits in the Midland, TX area

Of the 15 ZIP codes HUD lists for the area, 79702 has the 5th highest two-bedroom Small Area FMR. Midland, 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 $1,794 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,790 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	$1,330	$1,197 – $1,463	$1,335	$1,430
1 bedroom	$1,400	$1,260 – $1,540	$1,408	$1,450
2 bedrooms	$1,790	$1,611 – $1,969	$1,794	$1,780
3 bedrooms	$2,220	$1,998 – $2,442	$2,223	$2,290
4 bedrooms	$2,420	$2,178 – $2,662	$2,401	$2,680

A household renting a two-bedroom home at the Small Area FMR of $1,790 needs about $71,600 a year to keep housing costs at 30% of income. The area median family income is $108,900 and the 80% low-income limit for four people is $87,100. ZIP code 79702 lies mainly in Midland County. See the Midland, TX county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
79701	Midland	2.0 mi	$1,680
79703	Midland	3.2 mi	$1,910
79705	Midland	6.2 mi	$1,850
79707	Midland	9.1 mi	$1,800
79706	Midland	11.3 mi	$1,630
79765	Odessa	11.7 mi	$1,800

Questions

What is the Fair Market Rent for ZIP code 79702?

HUD's FY2027 Small Area Fair Market Rents for 79702 are $1,330 (studio), $1,400 (1 BR), $1,790 (2 BR), $2,220 (3 BR) and $2,420 (4 BR) a month.

What is the Section 8 payment standard in 79702?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 79702 that range is $1,611 to $1,969 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 79702?

The FY2026 income limits of the Midland, TX area apply: median family income $108,900, low-income (80%) limit $87,100 for a family of four.