FMR is below market; voucher rent may lag private rents.
0.63
1 BR
1 BR- 76640
0.69ratio
FMR$900
Market$1,310
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.69
2 BR
2 BR- 76640
0.82ratio
FMR$1,120
Market$1,370
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR- 76640
0.90ratio
FMR$1,440
Market$1,600
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.90
4 BR
4 BR- 76640
0.84ratio
FMR$1,490
Market$1,780
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.84
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Elm Mott, TX fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Elm Mott, TX is $1,120 a month. That is down 9.7% from $1,240 in FY 2026. Elm Mott is in the Waco, TX HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,297. The median county two-bedroom FMR in Texas is $1,105, so Elm Mott is 1% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Elm Mott, TX
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$770
−9.4%
$693–$847
1BR
$1,000
$900
−10.0%
$810–$990
2BR
$1,240
$1,120
−9.7%
$1,008–$1,232
3BR
$1,600
$1,440
−10.0%
$1,296–$1,584
4BR
$1,650
$1,490
−9.7%
$1,341–$1,639
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Elm Mott, TX
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$770
$900
$1,120
$1,440
$1,490
FY 2026
$850
$1,000
$1,240
$1,600
$1,650
FY 2025
$830
$970
$1,210
$1,560
$1,600
FY 2024
$800
$930
$1,160
$1,500
$1,540
FY 2023
$680
$750
$950
$1,250
$1,290
Questions about Elm Mott, TX rents
How much will Section 8 pay for a two-bedroom in Elm Mott, TX?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,297, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,167 to $1,427 a month; under the ZIP-level Small Area FMR of $1,120 it would be $1,008 to $1,232. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Elm Mott, TX in?
Elm Mott, TX is in the Waco, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,297.
How much did fair market rent change in Elm Mott, TX for FY 2027?
The two-bedroom FMR fell 9.7%, from $1,240 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 17.9%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set