What is the Fair Market Rent for a 2-bedroom in Somervell County, TX HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Somervell County, TX HUD Metro FMR Area is $889 per month for fiscal year 2021. The studio FMR is $665, 1-bedroom is $738, 3-bedroom is $1,272, and 4-bedroom is $1,508.

What income do you need to afford the FMR in Somervell County, TX HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $35,560 per year ($2,963 per month) to afford the FY2021 2-bedroom Fair Market Rent of $889 in Somervell County, TX HUD Metro FMR Area.

FY2021 Fair Market Rents — Somervell County, TX HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2021 in this area are:

Studio

$665

1BR

$738

2BR

$889

3BR

$1,272

4BR

$1,508

Hours/week at min wage

95 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

National rank

#320

of 632 U.S. metros (top 51% most expensive)

YoY change (2BR)

+1.1%

+$10 vs FY2020

Voucher payment standard

$800–$978

PHAs set HCV payment at 90–110% of the 2BR FMR

Somervell County, TX HUD Metro FMR Area

Metropolitan area · TX · View full history · Income limits · LIHTC rents

FY2021 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$665	$7,980
1-Bedroom	$738	$8,856
2-Bedroom	$889	$10,668
3-Bedroom	$1,272	$15,264
4-Bedroom	$1,508	$18,096

Recent 2-Bedroom FMR Trend

FY2017 $681 → FY2021 $889

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2021	$665	$738	$889	$1,272	$1,508
FY2020	$636	$731	$879	$1,258	$1,504
FY2019	$571	$668	$815	$1,141	$1,407
FY2018	$478	$567	$697	$1,014	$1,206
FY2017	$461	$551	$681	$922	$1,177

View full FMR history back to FY2000 →

FY2021 Income Limits

Area Median Income (AMI): $61,100

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$12,880	$17,420	$21,960	$26,500	$31,040	$35,450
50% AMI (Very Low)	$21,400	$24,450	$27,500	$30,550	$33,000	$35,450
80% AMI (Low)	$34,250	$39,150	$44,050	$48,900	$52,850	$56,750

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$10,668/yr

FMR as % of Area Median Income

17.5% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$35,560/yr

$2,963/mo gross income

FY2021 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$534	$611	$687	$824	$885
60% AMI Maximum	$641	$733	$824	$989	$1,063

FY2021 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$665	$738	$889	$992	$992
Low HOME Rent	$535	$611	$687	$763	$825

Compare Somervell County, TX HUD Metro FMR Area With Other TX Metros

vs. Abilene, TX MSA vs. Amarillo, TX HUD Metro FMR Area vs. Aransas County, TX HUD Metro FMR Area vs. Atascosa County, TX HUD Metro FMR Area vs. Austin County, TX HUD Metro FMR Area