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RentData.org Logo Waco Fair Market Rent FY 2023 Waco, TX HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Waco, TX :
$710 $787 $996 $1,307 $1,354
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Waco are high compared to the national average. This FMR area is more expensive than 75% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Waco is $996 per month.

The previous year, rent for a two-bedroom home was $915 per month. This is a 8.85% increase year-over-year.

This FMR rate applies to Leroy, TX, Ross, TX, Elm Mott, TX, Hewitt, TX, Woodway, TX, Waco, TX and other cities within the region. The Metro Code or CBSA code for this region is METRO47380M47380.

Additionally, This Fair Market Rent (FMR) area Waco, TX HUD Metro FMR Area spans one county or city in Texas which is listed in the table below. Estimated population of Waco, TX HUD Metro FMR Area FMR area is 254,045 people based on latest Census data.

Compared to the rest of Texas, the Waco FMR area is more expensive than 73% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Waco. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Waco

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 758
1-BR 1-Bedroom $ 840
2-BR 2-Bedroom $ 1064
3-BR 3-Bedroom $ 1396
4-BR 4-Bedroom $ 1446
Change Year:
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Waco, TX HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Waco - Temple - Bryan.

County / Region Est. Population
Waco, TX Metro 254,045
Zip Codes in Waco, TX HUD Metro FMR Area

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

76640, 76643, 76654, 76684, 76701, 76702, 76703, 76704, 76705, 76706, 76707, 76708, 76710, 76711, 76712, 76714, 76716, 76797, 76798 and 76799

Lookup Fair Market Rent by Zip Code

What's Next?

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