FY2027 Small Area FMR · Odessa, TX

ZIP 79762 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 79762 (Odessa, TX) is $1,600 a month, down 4.8% from FY2026. That is 5% above the Odessa, TX area-wide FMR of $1,522.

2-bedroom SAFMR$1,600per month ▼ 4.8%

Area-wide 2 BR FMR$1,522Odessa, TX

Rank in the area5thof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,440

2 BR Small Area FMR$1,600

110% of SAFMR$1,760

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

Studio$1,210▼ 7.6%

1 BR$1,290▼ 3.7%

2 BR$1,600▼ 4.8%

3 BR$1,910▼ 5.0%

4 BR$2,190▼ 6.0%

FY2027 FY2026

Where 79762 sits in the Odessa, TX area

Of the 14 ZIP codes HUD lists for the area, 79762 has the 5th highest two-bedroom Small Area FMR. Odessa, 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 $1,522 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,600 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	$1,210	$1,089 – $1,331	$1,153	$1,310
1 bedroom	$1,290	$1,161 – $1,419	$1,229	$1,340
2 bedrooms	$1,600	$1,440 – $1,760	$1,522	$1,680
3 bedrooms	$1,910	$1,719 – $2,101	$1,813	$2,010
4 bedrooms	$2,190	$1,971 – $2,409	$2,083	$2,330

A household renting a two-bedroom home at the Small Area FMR of $1,600 needs about $64,000 a year to keep housing costs at 30% of income. The area median family income is $91,100 and the 80% low-income limit for four people is $74,400. ZIP code 79762 lies mainly in Ector County. See the Odessa, TX county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
79758	Gardendale	3.8 mi	$1,680
79761	Odessa	4.9 mi	$1,470
79765	Odessa	5.0 mi	$1,800
79769	Odessa	5.5 mi	$1,520
79763	Odessa	11.1 mi	$1,440
79764	Odessa	11.3 mi	$1,440

Questions

What is the Fair Market Rent for ZIP code 79762?

HUD's FY2027 Small Area Fair Market Rents for 79762 are $1,210 (studio), $1,290 (1 BR), $1,600 (2 BR), $1,910 (3 BR) and $2,190 (4 BR) a month.

What is the Section 8 payment standard in 79762?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 79762 that range is $1,440 to $1,760 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 79762?

The FY2026 income limits of the Odessa, TX area apply: median family income $91,100, low-income (80%) limit $74,400 for a family of four.