FY2027 Small Area FMR · Belleview, MO

ZIP 63623 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 63623 (Belleview, MO) is $1,070 a month, up 12.6% from FY2026. That is 11% above the Iron County, MO area-wide FMR of $962.

2-bedroom SAFMR$1,070per month ▲ 12.6%

Area-wide 2 BR FMR$962Iron County, MO

Rank in the area5thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$790▲ 11.3%

1 BR$980▲ 12.6%

2 BR$1,070▲ 12.6%

3 BR$1,320▲ 13.8%

4 BR$1,640▲ 11.6%

FY2027 FY2026

Where 63623 sits in the Iron County, MO area

Of the 17 ZIP codes HUD lists for the area, 63623 has the 5th highest two-bedroom Small Area FMR. Iron County, MO is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $962 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$790	$711 – $869	$709	$710
1 bedroom	$980	$882 – $1,078	$880	$870
2 bedrooms	$1,070	$963 – $1,177	$962	$950
3 bedrooms	$1,320	$1,188 – $1,452	$1,187	$1,160
4 bedrooms	$1,640	$1,476 – $1,804	$1,479	$1,470

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $78,900 and the 80% low-income limit for four people is $63,100. ZIP code 63623 lies mainly in Iron County. See the Iron County, MO county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
63631	Caledonia	7.1 mi	$1,030
63622	Belgrade	7.4 mi	$960
63656	Middle Brook	7.9 mi	$1,110
65439	Bixby	10.1 mi	$1,000
63625	Black	10.2 mi	$1,060
65566	Viburnum	13.6 mi	$960

Questions

What is the Fair Market Rent for ZIP code 63623?

HUD's FY2027 Small Area Fair Market Rents for 63623 are $790 (studio), $980 (1 BR), $1,070 (2 BR), $1,320 (3 BR) and $1,640 (4 BR) a month.

What is the Section 8 payment standard in 63623?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 63623 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 63623?

The FY2026 income limits of the Iron County, MO area apply: median family income $78,900, low-income (80%) limit $63,100 for a family of four.