FY2027 Small Area FMR · Lorena, TX
ZIP 76655 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 76655 (Lorena, TX) is $1,570 a month, unchanged from FY2026. That is 21% above the Waco, TX area-wide FMR of $1,297.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 76655 sits in the Waco, TX area
Of the 33 ZIP codes HUD lists for the area, 76655 has the 3rd highest two-bedroom Small Area FMR. Waco, 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 $1,297 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,570 for this ZIP code instead.
ZIP code 76655 crosses more than one HUD area. HUD also lists it under Falls County, TX (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,090 | $981 – $1,199 | $903 | $1,080 |
| 1 bedroom | $1,240 | $1,116 – $1,364 | $1,029 | $1,250 |
| 2 bedrooms | $1,570 | $1,413 – $1,727 | $1,297 | $1,570 |
| 3 bedrooms | $2,060 | $1,854 – $2,266 | $1,693 | $2,040 |
| 4 bedrooms | $2,110 | $1,899 – $2,321 | $1,705 | $2,120 |
A household renting a two-bedroom home at the Small Area FMR of $1,570 needs about $62,800 a year to keep housing costs at 30% of income. The area median family income is $90,300 and the 80% low-income limit for four people is $72,250. ZIP code 76655 lies mainly in McLennan County and Falls County. See the Waco, TX county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 76655?
HUD's FY2027 Small Area Fair Market Rents for 76655 are $1,090 (studio), $1,240 (1 BR), $1,570 (2 BR), $2,060 (3 BR) and $2,110 (4 BR) a month.
What is the Section 8 payment standard in 76655?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 76655 that range is $1,413 to $1,727 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 76655?
The FY2026 income limits of the Waco, TX area apply: median family income $90,300, low-income (80%) limit $72,250 for a family of four.