FY2027 Small Area FMR · Fayette, MO

ZIP 65248 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 65248 (Fayette, MO) is $1,020 a month, down 4.7% from FY2026. That is 3% above the Howard County, MO area-wide FMR of $990.

2-bedroom SAFMR$1,020per month ▼ 4.7%

Area-wide 2 BR FMR$990Howard County, MO

Rank in the area5thof 10 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$710▼ 4.1%

1 BR$780▼ 4.9%

2 BR$1,020▼ 4.7%

3 BR$1,220▼ 4.7%

4 BR$1,580▲ 11.3%

FY2027 FY2026

Where 65248 sits in the Howard County, MO area

Of the 10 ZIP codes HUD lists for the area, 65248 has the 5th highest two-bedroom Small Area FMR. Howard 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 $990 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	$710	$639 – $781	$689	$740
1 bedroom	$780	$702 – $858	$757	$820
2 bedrooms	$1,020	$918 – $1,122	$990	$1,070
3 bedrooms	$1,220	$1,098 – $1,342	$1,180	$1,280
4 bedrooms	$1,580	$1,422 – $1,738	$1,536	$1,420

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 $84,400 and the 80% low-income limit for four people is $67,500. ZIP code 65248 lies mainly in Howard County. See the Howard County, MO county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
65274	New Franklin	8.6 mi	$960
65230	Armstrong	10.7 mi	$960
65256	Harrisburg	11.0 mi	$1,050
65254	Glasgow	11.2 mi	$960
65279	Rocheport	11.8 mi	$1,170
65250	Franklin	12.2 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 65248?

HUD's FY2027 Small Area Fair Market Rents for 65248 are $710 (studio), $780 (1 BR), $1,020 (2 BR), $1,220 (3 BR) and $1,580 (4 BR) a month.

What is the Section 8 payment standard in 65248?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 65248 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 65248?

The FY2026 income limits of the Howard County, MO area apply: median family income $84,400, low-income (80%) limit $67,500 for a family of four.