Metro FMR area · TX · HUD FY 2027
Waco, TX Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Waco, TX area is $1,297 a month, 13% below the Texas average and 26% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 33 ZIP codes range from $1,120 to $1,910.
- $1,2972-bedroom FMR+$57 (+4.6%) vs FY 2026
- $1,0291-bedroom FMRU.S.: $1,478
- $51,880Income for a 2-bedroomat 30% of income
- 266,067Residents1 county
| Unit | Waco, TX FY 2027 | FY 2026 | Change | Texas avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $903 | $850 | +$53 (+6.2%) | $1,192 | $1,379 | $36,120 |
| 1 bedroom | $1,029 | $996 | +$33 (+3.3%) | $1,247 | $1,478 | $41,160 |
| 2 bedrooms | $1,297 | $1,240 | +$57 (+4.6%) | $1,488 | $1,761 | $51,880 |
| 3 bedrooms | $1,693 | $1,599 | +$94 (+5.9%) | $1,939 | $2,266 | $67,720 |
| 4 bedrooms | $1,705 | $1,644 | +$61 (+3.7%) | $2,341 | $2,607 | $68,200 |
Counties in this FMR area
| County | Residents in area |
|---|---|
| McLennan County, TX | 266,067 |
Small Area FMRs by ZIP code
Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,280.
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 76524 | $920 | $1,040 | $1,320 | $1,740 | $1,800 | −$30 (−2.2%) | 2% above |
| 76557 | $920 | $990 | $1,230 | $1,650 | $1,870 | −$10 (−0.8%) | 5% below |
| 76561 | $890 | $900 | $1,120 | $1,540 | $1,870 | −$120 (−9.7%) | 14% below |
| 76621 | $800 | $900 | $1,130 | $1,520 | $1,640 | −$110 (−8.9%) | 13% below |
| 76622 | $770 | $900 | $1,120 | $1,440 | $1,600 | −$120 (−9.7%) | 14% below |
| 76624 | $770 | $900 | $1,120 | $1,440 | $1,490 | −$120 (−9.7%) | 14% below |
| 76630 | $850 | $960 | $1,210 | $1,590 | $1,610 | −$30 (−2.4%) | 7% below |
| 76633 | $1,330 | $1,520 | $1,910 | $2,500 | $2,520 | +$270 (+16.5%) | 47% above |
| 76638 | $1,030 | $1,170 | $1,480 | $1,930 | $1,950 | −$20 (−1.3%) | 14% above |
| 76640 | $770 | $900 | $1,120 | $1,440 | $1,490 | −$120 (−9.7%) | 14% below |
| 76643 | $1,130 | $1,290 | $1,620 | $2,120 | $2,130 | no change | 25% above |
| 76654 | $770 | $900 | $1,120 | $1,450 | $1,490 | −$120 (−9.7%) | 14% below |
| 76655 | $1,090 | $1,240 | $1,570 | $2,060 | $2,110 | no change | 21% above |
| 76657 | $980 | $1,120 | $1,410 | $1,840 | $1,870 | +$50 (+3.7%) | 9% above |
| 76664 | $790 | $900 | $1,120 | $1,470 | $1,500 | −$120 (−9.7%) | 14% below |
| 76673 | $920 | $1,000 | $1,240 | $1,710 | $1,910 | no change | 4% below |
| 76682 | $950 | $1,070 | $1,360 | $1,810 | $1,940 | +$30 (+2.3%) | 5% above |
| 76689 | $890 | $990 | $1,250 | $1,650 | $1,870 | +$10 (+0.8%) | 4% below |
| 76691 | $800 | $910 | $1,150 | $1,500 | $1,550 | −$90 (−7.3%) | 11% below |
| 76701 | $900 | $1,050 | $1,300 | $1,670 | $1,710 | −$140 (−9.7%) | about the same as |
| 76702 | $910 | $1,030 | $1,300 | $1,700 | $1,710 | +$50 (+4.0%) | about the same as |
| 76703 | $910 | $1,030 | $1,300 | $1,700 | $1,710 | +$50 (+4.0%) | about the same as |
| 76704 | $770 | $900 | $1,120 | $1,440 | $1,490 | −$120 (−9.7%) | 14% below |
| 76705 | $770 | $900 | $1,120 | $1,440 | $1,490 | −$120 (−9.7%) | 14% below |
| 76706 | $890 | $1,020 | $1,280 | $1,670 | $1,680 | +$40 (+3.2%) | 1% below |
| 76707 | $880 | $1,010 | $1,270 | $1,660 | $1,670 | +$30 (+2.4%) | 2% below |
| 76708 | $910 | $1,030 | $1,300 | $1,700 | $1,710 | +$50 (+4.0%) | about the same as |
| 76710 | $870 | $990 | $1,250 | $1,630 | $1,640 | +$10 (+0.8%) | 4% below |
| 76711 | $1,070 | $1,210 | $1,530 | $2,000 | $2,010 | no change | 18% above |
| 76712 | $1,060 | $1,210 | $1,520 | $1,980 | $2,000 | +$60 (+4.1%) | 17% above |
| 76714 | $910 | $1,030 | $1,300 | $1,700 | $1,710 | +$50 (+4.0%) | about the same as |
| 76716 | $910 | $1,030 | $1,300 | $1,700 | $1,710 | +$50 (+4.0%) | about the same as |
| 76798 | $890 | $1,020 | $1,280 | $1,670 | $1,680 | +$40 (+3.2%) | 1% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.