The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Waco, TX HUD Metro FMR Area, TX

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in Waco, TX HUD Metro FMR Area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $788 to a high of $963, with an average of $875.
One-bedroom: One-bedroom rental prices vary, with a minimum of $910, a maximum of $1,112, and an average of $1,011.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,139, peaking at a maximum of $1,393, and averaging at $1,266.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,469, a maximum of $1,795, and an average of $1,632.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,517 to a maximum of $1,855, with an average of $1,686.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

To apply for Section 8 housing, you can check your income against the Waco, TX HUD Metro FMR Area Housing Choice voucher income limit to determine your eligibility.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year Area HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Waco, TX HUD Metro FMR Area, TX Low Rent (90%) $788 $910 $1,139 $1,469 $1,517
Average Rent $875 $1,011 $1,266 $1,632 $1,686
High Rent(110%) $963 $1,112 $1,393 $1,795 $1,855
2023 Waco, TX HUD Metro FMR Area, TX Low Rent (90%) $639 $708 $896 $1,176 $1,219
Average Rent $710 $787 $996 $1,307 $1,354
High Rent (110%) $781 $866 $1,096 $1,438 $1,489
2022 Waco, TX HUD Metro FMR Area, TX Low Rent (90%) $606 $644 $824 $1,094 $1,170
Average Rent $673 $716 $915 $1,215 $1,300
High Rent(110%) $740 $788 $1,007 $1,337 $1,430
2021 Waco, TX HUD Metro FMR Area, TX Low Rent (90%) $617 $649 $841 $1,127 $1,258
Average Rent $686 $721 $934 $1,252 $1,398
High Rent (110%) $755 $793 $1,027 $1,377 $1,538
2020 Waco, TX HUD Metro FMR Area, TX Low Rent (90%) $584 $623 $810 $1,094 $1,254
Average Rent $649 $692 $900 $1,216 $1,393
High Rent(110%) $714 $761 $990 $1,338 $1,532
2019 Waco, TX HUD Metro FMR Area, TX Low Rent (90%) $515 $565 $741 $1,012 $1,193
Average Rent $572 $628 $823 $1,124 $1,325
High Rent (110%) $629 $691 $905 $1,236 $1,458
2018 Waco, TX HUD Metro FMR Area, TX Low Rent (90%) $498 $575 $752 $1,029 $1,238
Average Rent $553 $639 $836 $1,143 $1,376
High Rent(110%) $608 $703 $920 $1,257 $1,514
2017 Waco, TX HUD Metro FMR Area, TX Low Rent (90%) $465 $555 $730 $997 $1,211
Average Rent $517 $617 $811 $1,108 $1,345
High Rent (110%) $569 $679 $892 $1,219 $1,480


Discover Section 8 FMR in Waco, TX HUD Metro FMR Area by zip code