FY2027 Small Area FMR · Greenwood, TX

ZIP 76246 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 76246 (Greenwood, TX) is $1,160 a month, down 4.1% from FY2026. That is 0% equal to the Wise County, TX area-wide FMR of $1,164.

2-bedroom SAFMR$1,160per month ▼ 4.1%

Area-wide 2 BR FMR$1,164Wise County, TX

Rank in the area11thof 19 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,044

2 BR Small Area FMR$1,160

110% of SAFMR$1,276

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

Studio$880▼ 4.3%

1 BR$890▼ 3.3%

2 BR$1,160▼ 4.1%

3 BR$1,610▼ 4.2%

4 BR$1,910▼ 5.9%

FY2027 FY2026

Where 76246 sits in the Wise County, TX area

Of the 19 ZIP codes HUD lists for the area, 76246 has the 11th highest two-bedroom Small Area FMR. Wise County, 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 $1,164 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,160 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	$880	$792 – $968	$886	$920
1 bedroom	$890	$801 – $979	$892	$920
2 bedrooms	$1,160	$1,044 – $1,276	$1,164	$1,210
3 bedrooms	$1,610	$1,449 – $1,771	$1,612	$1,680
4 bedrooms	$1,910	$1,719 – $2,101	$1,916	$2,030

A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 a year to keep housing costs at 30% of income. The area median family income is $112,300 and the 80% low-income limit for four people is $89,850. ZIP code 76246 lies mainly in Wise County. See the Wise County, TX county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
76263	Rosston	3.9 mi	$1,240
76267	Slidell	5.0 mi	$1,160
76239	Forestburg	7.4 mi	$1,140
76238	Era	8.5 mi	$1,510
76234	Decatur	9.4 mi	$1,160
76225	Alvord	11.5 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 76246?

HUD's FY2027 Small Area Fair Market Rents for 76246 are $880 (studio), $890 (1 BR), $1,160 (2 BR), $1,610 (3 BR) and $1,910 (4 BR) a month.

What is the Section 8 payment standard in 76246?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 76246 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 76246?

The FY2026 income limits of the Wise County, TX area apply: median family income $112,300, low-income (80%) limit $89,850 for a family of four.