FY2027 Small Area FMR · Wichita Falls, TX

ZIP 76306 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 76306 (Wichita Falls, TX) is $1,100 a month, unchanged from FY2026. That is 4% below the Wichita Falls, TX area-wide FMR of $1,145.

2-bedroom SAFMR$1,100per month ■ 0.0%

Area-wide 2 BR FMR$1,145Wichita Falls, TX

Rank in the area12thof 26 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$990

2 BR Small Area FMR$1,100

110% of SAFMR$1,210

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

Studio$810▲ 1.2%

1 BR$910▲ 1.1%

2 BR$1,100■ 0.0%

3 BR$1,480▼ 1.3%

4 BR$1,670▼ 1.8%

FY2027 FY2026

Where 76306 sits in the Wichita Falls, TX area

Of the 26 ZIP codes HUD lists for the area, 76306 has the 12th highest two-bedroom Small Area FMR. Wichita Falls, 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 $1,145 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,100 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	$810	$729 – $891	$839	$800
1 bedroom	$910	$819 – $1,001	$949	$900
2 bedrooms	$1,100	$990 – $1,210	$1,145	$1,100
3 bedrooms	$1,480	$1,332 – $1,628	$1,542	$1,500
4 bedrooms	$1,670	$1,503 – $1,837	$1,740	$1,700

A household renting a two-bedroom home at the Small Area FMR of $1,100 needs about $44,000 a year to keep housing costs at 30% of income. The area median family income is $91,200 and the 80% low-income limit for four people is $72,950. ZIP code 76306 lies mainly in Wichita County. See the Wichita Falls, TX metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
76311	Sheppard Afb	1.9 mi	$1,700
76309	Wichita Falls	3.6 mi	$1,150
76301	Wichita Falls	3.7 mi	$1,030
76302	Wichita Falls	5.9 mi	$1,140
76308	Wichita Falls	6.4 mi	$1,250
76305	Wichita Falls	8.9 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 76306?

HUD's FY2027 Small Area Fair Market Rents for 76306 are $810 (studio), $910 (1 BR), $1,100 (2 BR), $1,480 (3 BR) and $1,670 (4 BR) a month.

What is the Section 8 payment standard in 76306?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 76306 that range is $990 to $1,210 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 76306?

The FY2026 income limits of the Wichita Falls, TX area apply: median family income $91,200, low-income (80%) limit $72,950 for a family of four.