What is the Fair Market Rent for a 2-bedroom in Waco, TX HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Waco, TX HUD Metro FMR Area is $1,240 per month for fiscal year 2026. The studio FMR is $850, 1-bedroom is $996, 3-bedroom is $1,599, and 4-bedroom is $1,644.

What income do you need to afford the FMR in Waco, TX HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $49,600 per year ($4,133 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,240 in Waco, TX HUD Metro FMR Area.

FY2026 Fair Market Rents — Waco, TX HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$850

1BR

$996

2BR

$1,240

3BR

$1,599

4BR

$1,644

Hours/week at min wage

132 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

YoY change (2BR)

-9.9%

$137 vs FY2025 · 5-yr +32.8%

Voucher payment standard

$1,116–$1,364

PHAs set HCV payment at 90–110% of the 2BR FMR

Waco, TX HUD Metro FMR Area

Non-Metropolitan area · TX · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$850	$10,200
1-Bedroom	$996	$11,952
2-Bedroom	$1,240	$14,880
3-Bedroom	$1,599	$19,188
4-Bedroom	$1,644	$19,728

Recent 2-Bedroom FMR Trend

FY2020 $900 → FY2026 $1,240

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$850	$996	$1,240	$1,599	$1,644
FY2025	$944	$1,106	$1,377	$1,776	$1,826
FY2024	$875	$1,011	$1,266	$1,632	$1,686
FY2023	$710	$787	$996	$1,307	$1,354
FY2022	$673	$716	$915	$1,215	$1,300
FY2021	$686	$721	$934	$1,252	$1,398
FY2020	$649	$692	$900	$1,216	$1,393

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $90,300

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$19,000	$21,700	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$31,650	$36,150	$40,650	$45,150	$48,800	$52,400
80% AMI (Low)	$50,600	$57,800	$65,050	$72,250	$78,050	$83,850

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$14,880/yr

FMR as % of Area Median Income

16.5% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$49,600/yr

$4,133/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$790	$903	$1,015	$1,219	$1,309
60% AMI Maximum	$948	$1,083	$1,219	$1,462	$1,571

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$850	$996	$1,240	$1,467	$1,467
Low HOME Rent	$791	$903	$1,016	$1,128	$1,220

Compare Waco, TX HUD Metro FMR Area With Other TX Metros

vs. Abilene, TX MSA vs. Amarillo, TX HUD Metro FMR Area vs. Aransas County, TX HUD Metro FMR Area vs. Atascosa County, TX HUD Metro FMR Area vs. Austin County, TX HUD Metro FMR Area