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RentData.org Logo Waco Fair Market Rent FY 2012 Waco, TX MSA Rental Data

Fair Market Rent Prices in Waco, TX :
$605 $606 $754 $944 $975
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 82% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Waco is $754 per month.

The previous year, rent for a two-bedroom home was $742 per month. This is a 1.62% 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 MSA spans one county or city in Texas which is listed in the table below. Estimated population of Waco, TX MSA FMR area is 213,517 people based on latest Census data.

Compared to the rest of Texas, the Waco FMR area is more expensive than 85% 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 $ 640
1-BR 1-Bedroom $ 641
2-BR 2-Bedroom $ 797
3-BR 3-Bedroom $ 998
4-BR 4-Bedroom $ 1031
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

There is just one county (listed below) within the Waco, TX MSA 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 213,517
Zip Codes in Waco, TX MSA

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

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What's Next?

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