FY2027 Small Area FMR · Waco, TX

ZIP 76798 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 76798 (Waco, TX) is $1,280 a month, up 3.2% from FY2026. That is 1% below the Waco, TX area-wide FMR of $1,297.

2-bedroom SAFMR$1,280per month ▲ 3.2%

Area-wide 2 BR FMR$1,297Waco, TX

Rank in the area16thof 33 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,152

2 BR Small Area FMR$1,280

110% of SAFMR$1,408

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

Studio$890▲ 4.7%

1 BR$1,020▲ 2.0%

2 BR$1,280▲ 3.2%

3 BR$1,670▲ 4.4%

4 BR$1,680▲ 1.8%

FY2027 FY2026

Where 76798 sits in the Waco, TX area

Of the 33 ZIP codes HUD lists for the area, 76798 has the 16th 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 $1,280 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	$890	$801 – $979	$903	$850
1 bedroom	$1,020	$918 – $1,122	$1,029	$1,000
2 bedrooms	$1,280	$1,152 – $1,408	$1,297	$1,240
3 bedrooms	$1,670	$1,503 – $1,837	$1,693	$1,600
4 bedrooms	$1,680	$1,512 – $1,848	$1,705	$1,650

A household renting a two-bedroom home at the Small Area FMR of $1,280 needs about $51,200 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 76798 lies mainly in McLennan County. See the Waco, TX county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
76701	Waco	1.2 mi	$1,300
76704	Waco	1.9 mi	$1,120
76707	Waco	2.4 mi	$1,270
76711	Waco	3.1 mi	$1,530
76710	Waco	4.5 mi	$1,250
76705	Waco	5.2 mi	$1,120

Questions

What is the Fair Market Rent for ZIP code 76798?

HUD's FY2027 Small Area Fair Market Rents for 76798 are $890 (studio), $1,020 (1 BR), $1,280 (2 BR), $1,670 (3 BR) and $1,680 (4 BR) a month.

What is the Section 8 payment standard in 76798?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 76798 that range is $1,152 to $1,408 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 76798?

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.