FY2027 Small Area FMR · Iowa Park, TX

ZIP 76367 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 76367 (Iowa Park, TX) is $1,170 a month, down 9.3% from FY2026. That is 2% above the Wichita Falls, TX area-wide FMR of $1,145.

2-bedroom SAFMR$1,170per month ▼ 9.3%

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

Rank in the area6thof 26 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,053

2 BR Small Area FMR$1,170

110% of SAFMR$1,287

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

Studio$850▼ 9.6%

1 BR$950▼ 9.5%

2 BR$1,170▼ 9.3%

3 BR$1,590▼ 9.7%

4 BR$1,800▼ 10.0%

FY2027 FY2026

Where 76367 sits in the Wichita Falls, TX area

Of the 26 ZIP codes HUD lists for the area, 76367 has the 6th 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 $1,170 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	$850	$765 – $935	$839	$940
1 bedroom	$950	$855 – $1,045	$949	$1,050
2 bedrooms	$1,170	$1,053 – $1,287	$1,145	$1,290
3 bedrooms	$1,590	$1,431 – $1,749	$1,542	$1,760
4 bedrooms	$1,800	$1,620 – $1,980	$1,740	$2,000

A household renting a two-bedroom home at the Small Area FMR of $1,170 needs about $46,800 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 76367 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
76354	Burkburnett	10.6 mi	$1,090
76309	Wichita Falls	11.5 mi	$1,150
76306	Wichita Falls	11.5 mi	$1,100
76311	Sheppard Afb	12.1 mi	$1,700
76308	Wichita Falls	13.3 mi	$1,250
76360	Electra	13.8 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 76367?

HUD's FY2027 Small Area Fair Market Rents for 76367 are $850 (studio), $950 (1 BR), $1,170 (2 BR), $1,590 (3 BR) and $1,800 (4 BR) a month.

What is the Section 8 payment standard in 76367?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 76367 that range is $1,053 to $1,287 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 76367?

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.