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McLennan County/Riesel/76682

76682

ZIPSAFMR
McLennan County, TX
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$950$950
1 BR$1,070$1,070
2 BR$1,360$1,360
3 BR$1,810$1,810
4 BR$1,940$1,940
5 BR$2,231Not available
6 BR$2,566Not available
7 BR$2,950Not available
8 BR$3,393Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMRUsed$1,360
Market rentN/A
Est. payment standardN/A
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 76682 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76682 (Riesel, TX) is $1,360 a month. That is up 2.3% from $1,330 in FY 2026. Riesel 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. Among 33 ZIP codes in McLennan County, 76682 has the 8th-highest two-bedroom rent (county range $1,120–$1,910). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76682 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76682
BedroomsFY 2027Change90–110% range
Studio$950+3.3%$855–$1,045
1BR$1,070+1.9%$963–$1,177
2BR$1,360+2.3%$1,224–$1,496
3BR$1,810+2.8%$1,629–$1,991
4BR$1,940+1.0%$1,746–$2,134

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76682
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$950$1,070$1,360$1,810$1,940
FY 2026$920$1,050$1,330$1,760$1,920
FY 2025$990$1,140$1,440$1,890$2,020
FY 2024$910$1,050$1,310$1,730$1,860
FY 2023$760$850$1,070$1,430$1,550

Two-bedroom rent in nearby McLennan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 76682
76657$1,410+3.7%
76664$1,120−17.6%
76673$1,240−8.8%
76682Current$1,360—
76689$1,250−8.1%
76691$1,150−15.4%
76701$1,300−4.4%
76702$1,300−4.4%
76703$1,300−4.4%
76704$1,120−17.6%
76705$1,120−17.6%
76706$1,280−5.9%

Questions about ZIP 76682 rents

How much will Section 8 pay for a two-bedroom in ZIP 76682?

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 $1,360 it would be $1,224 to $1,496. 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 ZIP 76682 in?

ZIP 76682 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 ZIP 76682 for FY 2027?

The two-bedroom FMR rose 2.3%, from $1,330 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has risen 27.1%.

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

County fair market rentRiesel, TX fair market rentTX statewide rentsWhat is SAFMR?Data sources