Missouri · FIPS 29123 · HUD FY 2027
Madison County, Missouri Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Madison County is $1,063 a month (rent plus utilities), 15% below the Missouri average of $1,250 and 40% below the U.S. average of $1,761. That is up $128 (13.7%) from FY 2026. At 30% of income, a household needs about $42,520 a year to afford it.
- $1,0632-bedroom FMR+$128 (+13.7%) vs FY 2026
- $8131-bedroom FMRMissouri: $1,035 · U.S.: $1,478
- $42,520Income for a 2-bedroom$20/hour full-time
- 31 of 1162BR rank in Missouri1 = highest rent
| Unit | Madison County FY 2027 | FY 2026 | Change | Missouri avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $783 | $695 | +$88 (+12.7%) | $979 | $1,379 | $31,320 |
| 1 bedroom | $813 | $713 | +$100 (+14.0%) | $1,035 | $1,478 | $32,520 |
| 2 bedrooms | $1,063 | $935 | +$128 (+13.7%) | $1,250 | $1,761 | $42,520 |
| 3 bedrooms | $1,267 | $1,133 | +$134 (+11.8%) | $1,631 | $2,266 | $50,680 |
| 4 bedrooms | $1,595 | $1,390 | +$205 (+14.7%) | $1,895 | $2,607 | $63,800 |
How Madison County compares
- Madison County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Missouri, 2-bedroom FMRs run from $962 (Wright County) to $1,546 (Caldwell County).
- Studio to 4-bedroom: $783, $813, $1,063, $1,267, $1,595. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 2 ZIP codes mostly in Madison County (by land area), the 2-bedroom figure ranges from $1,060 to $1,140.
Small Area FMRs by ZIP code in Madison County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 63645 | $780 | $810 | $1,060 | $1,260 | $1,590 | +$120 (+12.8%) | about the same as |
| 63655 | $850 | $900 | $1,140 | $1,440 | $1,790 | +$220 (+23.9%) | 7% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.