Missouri · FIPS 29141 · HUD FY 2027
Morgan County, Missouri Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Morgan County is $962 a month (rent plus utilities), 23% below the Missouri average of $1,250 and 45% below the U.S. average of $1,761. That is up $74 (8.3%) from FY 2026. At 30% of income, a household needs about $38,480 a year to afford it.
- $9622-bedroom FMR+$74 (+8.3%) vs FY 2026
- $8091-bedroom FMRMissouri: $1,035 · U.S.: $1,478
- $38,480Income for a 2-bedroom$18/hour full-time
- 58 of 1162BR rank in Missouri1 = highest rent
| Unit | Morgan County FY 2027 | FY 2026 | Change | Missouri avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $709 | $660 | +$49 (+7.4%) | $979 | $1,379 | $28,360 |
| 1 bedroom | $809 | $745 | +$64 (+8.6%) | $1,035 | $1,478 | $32,360 |
| 2 bedrooms | $962 | $888 | +$74 (+8.3%) | $1,250 | $1,761 | $38,480 |
| 3 bedrooms | $1,259 | $1,171 | +$88 (+7.5%) | $1,631 | $2,266 | $50,360 |
| 4 bedrooms | $1,264 | $1,176 | +$88 (+7.5%) | $1,895 | $2,607 | $50,560 |
How Morgan County compares
- Morgan 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: $709, $809, $962, $1,259, $1,264. 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 8 ZIP codes mostly in Morgan County (by land area), the 2-bedroom figure ranges from $960 to $1,440.
Small Area FMRs by ZIP code in Morgan County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 65011 | $790 | $900 | $1,060 | $1,400 | $1,450 | +$80 (+8.2%) | 10% above |
| 65034 | $750 | $830 | $1,010 | $1,340 | $1,400 | +$80 (+8.6%) | 5% above |
| 65037 | $770 | $860 | $1,040 | $1,380 | $1,410 | +$80 (+8.3%) | 8% above |
| 65072 | $1,060 | $1,240 | $1,440 | $1,890 | $1,920 | +$110 (+8.3%) | 50% above |
| 65078 | $720 | $820 | $980 | $1,280 | $1,310 | +$10 (+1.0%) | 2% above |
| 65084 | $710 | $810 | $960 | $1,260 | $1,280 | +$70 (+7.9%) | about the same as |
| 65329 | $820 | $900 | $1,110 | $1,470 | $1,520 | +$90 (+8.8%) | 15% above |
| 65354 | $1,050 | $1,180 | $1,430 | $1,880 | $1,910 | +$140 (+10.9%) | 49% 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.