FY2027 Small Area FMR · New Franklin, MO

ZIP 65274 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 65274 (New Franklin, MO) is $960 a month, up 2.1% from FY2026. That is 3% below the Howard County, MO area-wide FMR of $990.

2-bedroom SAFMR$960per month ▲ 2.1%

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

Rank in the area7thof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$864

2 BR Small Area FMR$960

110% of SAFMR$1,056

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

Studio$670▲ 3.1%

1 BR$740▲ 2.8%

2 BR$960▲ 2.1%

3 BR$1,150▲ 1.8%

4 BR$1,490▲ 20.2%

FY2027 FY2026

Where 65274 sits in the Howard County, MO area

Of the 10 ZIP codes HUD lists for the area, 65274 has the 7th 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 $960 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	$670	$603 – $737	$689	$650
1 bedroom	$740	$666 – $814	$757	$720
2 bedrooms	$960	$864 – $1,056	$990	$940
3 bedrooms	$1,150	$1,035 – $1,265	$1,180	$1,130
4 bedrooms	$1,490	$1,341 – $1,639	$1,536	$1,240

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 $84,400 and the 80% low-income limit for four people is $67,500. ZIP code 65274 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
65233	Boonville	7.2 mi	$970
65250	Franklin	8.4 mi	$1,000
65279	Rocheport	8.5 mi	$1,170
65248	Fayette	8.6 mi	$1,020
65287	Wooldridge	12.2 mi	$990
65068	Prairie Home	13.6 mi	$960

Questions

What is the Fair Market Rent for ZIP code 65274?

HUD's FY2027 Small Area Fair Market Rents for 65274 are $670 (studio), $740 (1 BR), $960 (2 BR), $1,150 (3 BR) and $1,490 (4 BR) a month.

What is the Section 8 payment standard in 65274?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 65274 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 65274?

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.