FY2027 Small Area FMR · Cape Girardeau, MO

ZIP 63702 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 63702 (Cape Girardeau, MO) is $1,020 a month, up 2.0% from FY2026. That is 1% above the Cape Girardeau, MO-IL area-wide FMR of $1,012.

2-bedroom SAFMR$1,020per month ▲ 2.0%

Area-wide 2 BR FMR$1,012Cape Girardeau, MO-IL

Rank in the area20thof 41 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$760▼ 1.3%

1 BR$840▲ 3.7%

2 BR$1,020▲ 2.0%

3 BR$1,410▲ 1.4%

4 BR$1,700▲ 1.2%

FY2027 FY2026

Where 63702 sits in the Cape Girardeau, MO-IL area

Of the 41 ZIP codes HUD lists for the area, 63702 has the 20th highest two-bedroom Small Area FMR. Cape Girardeau, MO-IL 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 $1,012 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 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	$760	$684 – $836	$757	$770
1 bedroom	$840	$756 – $924	$833	$810
2 bedrooms	$1,020	$918 – $1,122	$1,012	$1,000
3 bedrooms	$1,410	$1,269 – $1,551	$1,401	$1,390
4 bedrooms	$1,700	$1,530 – $1,870	$1,692	$1,680

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $90,200 and the 80% low-income limit for four people is $72,150. ZIP code 63702 lies mainly in Cape Girardeau County. See the Cape Girardeau, MO-IL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
63701	Cape Girardeau	3.8 mi	$1,050
62957	Mc Clure	5.3 mi	$1,050
63703	Cape Girardeau	5.5 mi	$1,010
63755	Jackson	9.5 mi	$1,140
62952	Jonesboro	10.2 mi	$960
62990	Thebes	10.4 mi	$1,020

Questions

What is the Fair Market Rent for ZIP code 63702?

HUD's FY2027 Small Area Fair Market Rents for 63702 are $760 (studio), $840 (1 BR), $1,020 (2 BR), $1,410 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 63702?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 63702 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 63702?

The FY2026 income limits of the Cape Girardeau, MO-IL area apply: median family income $90,200, low-income (80%) limit $72,150 for a family of four.