FY2027 Small Area FMR · Mereta, TX
ZIP 76940 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 76940 (Mereta, TX) is $1,470 a month, down 4.5% from FY2026. That is 9% above the San Angelo, TX area-wide FMR of $1,350.
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 76940 sits in the San Angelo, TX area
Of the 21 ZIP codes HUD lists for the area, 76940 has the 5th highest two-bedroom Small Area FMR. San Angelo, 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 $1,350 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,470 for this ZIP code instead.
ZIP code 76940 crosses more than one HUD area. HUD also lists it under Concho 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 | $1,080 | $972 – $1,188 | $956 | $1,070 |
| 1 bedroom | $1,150 | $1,035 – $1,265 | $1,032 | $1,210 |
| 2 bedrooms | $1,470 | $1,323 – $1,617 | $1,350 | $1,540 |
| 3 bedrooms | $1,930 | $1,737 – $2,123 | $1,810 | $2,060 |
| 4 bedrooms | $2,180 | $1,962 – $2,398 | $2,055 | $2,340 |
A household renting a two-bedroom home at the Small Area FMR of $1,470 needs about $58,800 a year to keep housing costs at 30% of income. The area median family income is $90,900 and the 80% low-income limit for four people is $71,900. ZIP code 76940 lies mainly in Tom Green County. See the San Angelo, TX metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 76940?
HUD's FY2027 Small Area Fair Market Rents for 76940 are $1,080 (studio), $1,150 (1 BR), $1,470 (2 BR), $1,930 (3 BR) and $2,180 (4 BR) a month.
What is the Section 8 payment standard in 76940?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 76940 that range is $1,323 to $1,617 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 76940?
The FY2026 income limits of the San Angelo, TX area apply: median family income $90,900, low-income (80%) limit $71,900 for a family of four.