Hanford-Corcoran vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 13% cheaper for renters. A 2-bedroom rents for $770/mo vs $871/mo in Hanford-Corcoran — saving $1,212/year.
Rent by Unit Size
| Unit Size | Hanford-Corcoran | Waco | Difference |
|---|---|---|---|
| Studio | $578 | $530 | $48 |
| 1 Bedroom | $702 | $629 | $73 |
| 2 Bedrooms | $871 | $770 | $101 |
| 3 Bedrooms | $1,106 | $988 | $118 |
| 4 Bedrooms | $1,179 | $1,119 | $60 |
| Median Income | $53,765 | $40,886 | $12,879 |
Hanford-Corcoran
- Studio
- $578/mo
- 1 BR
- $702/mo
- 2 BR
- $871/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,179/mo
- Median Income
- $53,765/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 Hanford-Corcoran or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $871/mo in Hanford-Corcoran. That's $101/mo or $1,212/year more expensive in Hanford-Corcoran (13% higher).
What is the 2-bedroom rent in Hanford-Corcoran vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Hanford-Corcoran is $871/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Hanford-Corcoran and Waco?
The median household income in Hanford-Corcoran is $53,765/year. In Waco it is $40,886/year. Hanford-Corcoran has the higher median income.
What is the studio rent in Hanford-Corcoran vs Waco?
A studio apartment Fair Market Rent in Hanford-Corcoran is $578/mo. In Waco it is $530/mo.