Birmingham-Hoover vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 12% cheaper for renters. A 2-bedroom rents for $770/mo vs $863/mo in Birmingham-Hoover — saving $1,116/year.
Rent by Unit Size
| Unit Size | Birmingham-Hoover | Waco | Difference |
|---|---|---|---|
| Studio | $540 | $530 | $10 |
| 1 Bedroom | $687 | $629 | $58 |
| 2 Bedrooms | $863 | $770 | $93 |
| 3 Bedrooms | $1,083 | $988 | $95 |
| 4 Bedrooms | $1,216 | $1,119 | $97 |
| Median Income | $46,088 | $40,886 | $5,202 |
Birmingham-Hoover
- Studio
- $540/mo
- 1 BR
- $687/mo
- 2 BR
- $863/mo
- 3 BR
- $1,083/mo
- 4 BR
- $1,216/mo
- Median Income
- $46,088/yr
Waco
- Studio
- $530/mo
- 1 BR
- $629/mo
- 2 BR
- $770/mo
- 3 BR
- $988/mo
- 4 BR
- $1,119/mo
- Median Income
- $40,886/yr
Frequently Asked Questions
Is Birmingham-Hoover or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $863/mo in Birmingham-Hoover. That's $93/mo or $1,116/year more expensive in Birmingham-Hoover (12% higher).
What is the 2-bedroom rent in Birmingham-Hoover vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Birmingham-Hoover is $863/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Birmingham-Hoover and Waco?
The median household income in Birmingham-Hoover is $46,088/year. In Waco it is $40,886/year. Birmingham-Hoover has the higher median income.
What is the studio rent in Birmingham-Hoover vs Waco?
A studio apartment Fair Market Rent in Birmingham-Hoover is $540/mo. In Waco it is $530/mo.