FY2027 Small Area FMR · Morehouse, MO
ZIP 63868 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 63868 (Morehouse, MO) is $960 a month, up 7.9% from FY2026. That is 0% equal to the New Madrid County, MO area-wide FMR of $962.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 63868 sits in the New Madrid County, MO area
Of the 18 ZIP codes HUD lists for the area, 63868 has the 9th highest two-bedroom Small Area FMR. New Madrid 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 $960 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $710 | $639 – $781 | $709 | $660 |
| 1 bedroom | $740 | $666 – $814 | $735 | $680 |
| 2 bedrooms | $960 | $864 – $1,056 | $962 | $890 |
| 3 bedrooms | $1,180 | $1,062 – $1,298 | $1,176 | $1,060 |
| 4 bedrooms | $1,260 | $1,134 – $1,386 | $1,264 | $1,180 |
A household renting a two-bedroom home at the Small Area FMR of $960 needs about $38,400 a year to keep housing costs at 30% of income. The area median family income is $70,800 and the 80% low-income limit for four people is $62,000. ZIP code 63868 lies mainly in New Madrid County. See the New Madrid County, MO county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 63868?
HUD's FY2027 Small Area Fair Market Rents for 63868 are $710 (studio), $740 (1 BR), $960 (2 BR), $1,180 (3 BR) and $1,260 (4 BR) a month.
What is the Section 8 payment standard in 63868?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 63868 that range is $864 to $1,056 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 63868?
The FY2026 income limits of the New Madrid County, MO area apply: median family income $70,800, low-income (80%) limit $62,000 for a family of four.