FY2027 Small Area FMR · Martinsburg, MO
ZIP 65264 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 65264 (Martinsburg, MO) is $960 a month, up 6.7% from FY2026. That is 15% below the Callaway County, MO area-wide FMR of $1,123.
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 65264 sits in the Callaway County, MO area
Of the 20 ZIP codes HUD lists for the area, 65264 has the 15th highest two-bedroom Small Area FMR. Callaway 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 $1,123 for two bedrooms; an agency that opts in to Small Area FMRs would use $960 for this ZIP code instead.
ZIP code 65264 crosses more than one HUD area. HUD also lists it under Audrain County, MO (same figures) and Montgomery County, MO (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $730 | $657 – $803 | $853 | $690 |
| 1 bedroom | $750 | $675 – $825 | $858 | $690 |
| 2 bedrooms | $960 | $864 – $1,056 | $1,123 | $900 |
| 3 bedrooms | $1,260 | $1,134 – $1,386 | $1,338 | $1,130 |
| 4 bedrooms | $1,410 | $1,269 – $1,551 | $1,570 | $1,280 |
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 $94,400 and the 80% low-income limit for four people is $75,500. ZIP code 65264 lies mainly in Audrain County, Callaway County and Montgomery County. See the Callaway 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 65264?
HUD's FY2027 Small Area Fair Market Rents for 65264 are $730 (studio), $750 (1 BR), $960 (2 BR), $1,260 (3 BR) and $1,410 (4 BR) a month.
What is the Section 8 payment standard in 65264?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 65264 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 65264?
The FY2026 income limits of the Callaway County, MO area apply: median family income $94,400, low-income (80%) limit $75,500 for a family of four.