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 76940 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76940 (Mereta, TX) is $1,470 a month. That is down 4.5% from $1,540 in FY 2026. Mereta is in the Concho County, TX non-metropolitan 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 county-wide two-bedroom FMR of $1,131. Among 11 ZIP codes in Concho County, 76940 has the 2nd-highest two-bedroom rent (county range $1,070–$1,710). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76940 is 33% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 76940
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,070
$1,080
+0.9%
$972–$1,188
1BR
$1,210
$1,150
−5.0%
$1,035–$1,265
2BR
$1,540
$1,470
−4.5%
$1,323–$1,617
3BR
$2,060
$1,930
−6.3%
$1,737–$2,123
4BR
$2,340
$2,180
−6.8%
$1,962–$2,398
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 76940
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,080
$1,150
$1,470
$1,930
$2,180
FY 2026
$1,070
$1,210
$1,540
$2,060
$2,340
FY 2025
$990
$1,120
$1,420
$1,880
$2,320
FY 2024
$780
$930
$1,150
$1,520
$1,910
FY 2023
$720
$850
$1,070
$1,400
$1,810
Two-bedroom rent in nearby Concho County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 76940?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,131, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,018 to $1,244 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 76940 in?
ZIP 76940 is in the Concho County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,131.
How much did fair market rent change in ZIP 76940 for FY 2027?
The two-bedroom FMR fell 4.5%, from $1,540 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 37.4%.
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