Cotton County, OK: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$9162-bedroom FMR, FY2027

$7001-bedroom FMR, FY2027

$67,60080% income limit, family of 4 (FY2026)

$84,500Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Cotton County is $916 a month, down 4.8% from $962 in FY2026. Cotton County belongs to the Cotton County, OK HUD Metro FMR Area FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Cotton County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$696	$728	−4.4%	$627 – $765
1 bedroom	$700	$733	−4.5%	$630 – $770
2 bedrooms	$916	$962	−4.8%	$825 – $1,007
3 bedrooms	$1,091	$1,153	−5.4%	$982 – $1,200
4 bedrooms	$1,510	$1,614	−6.4%	$1,359 – $1,661

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Cotton County that is typically $825 to $1,007 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$38,393median income of renter households

$772Median gross rent, all units

24%Rent-to-income ratio (median rent ÷ median renter income)

37%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $38,393 can afford about $960 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $916 is $44 (4.6%) less than that. To rent a two-bedroom at the FMR, a household needs $36,640 a year under the 30% rule, or $32,976 under the common landlord rule that income must be three times the rent.

Cotton County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$772 ±$78
Median income of renter households	$38,393 ±$10,208
Renters paying 30% or more of income (cost-burdened)	36.8% ±11.7
Renters paying 50% or more (severely cost-burdened)	16.7% ±8.1
Renter households (where the share can be computed)	288

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$591	$772	+30.6%
Median renter household income	$24,250	$38,393	+58.3%
Renters paying 30%+ of income	31.0%	36.8%	+5.8 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $920 to $1,160 depending on the ZIP code.

All 10 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
73528	$710	$770	$920	$1,260	$1,520
73529	$740	$750	$920	$1,270	$1,470
73531	$700	$700	$920	$1,090	$1,510
73533	$760	$760	$930	$1,290	$1,490
73543	$900	$900	$1,160	$1,570	$1,900
73546	$760	$910	$1,000	$1,370	$1,460
73548	$710	$720	$930	$1,180	$1,530
73562	$700	$700	$920	$1,090	$1,510
73568	$700	$700	$920	$1,090	$1,510
73572	$710	$710	$920	$1,260	$1,520

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Cotton County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $84,500 (FY2025: $85,000, −0.6%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$17,750 +1.4%	$21,640 +2.3%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$29,600 +1.7%	$33,800 +1.7%	$38,050 +1.7%	$42,250 +1.7%	$45,650 +1.8%	$49,050 +1.8%	$52,400 +1.6%	$55,800 +1.7%
Low income (80%)	$47,350 +1.7%	$54,100 +1.7%	$60,850 +1.7%	$67,600 +1.7%	$73,050 +1.7%	$78,450 +1.8%	$83,850 +1.8%	$89,250 +1.7%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.