FMR is below market; voucher rent may lag private rents.
0.65
1 BR
1 BR- 64830
0.66ratio
FMR$860
Market$1,310
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.66
2 BR
2 BR- 64830
0.78ratio
FMR$1,090
Market$1,400
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR- 64830
0.91ratio
FMR$1,420
Market$1,560
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 64830
0.89ratio
FMR$1,550
Market$1,740
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.89
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Alba, MO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Alba, MO is $1,090 a month. That is up 2.8% from $1,060 in FY 2026. Alba is in the Joplin, MO HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,153. The median county two-bedroom FMR in Missouri is $962, so Alba is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Alba, MO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$850
0.0%
$765–$935
1BR
$850
$860
+1.2%
$774–$946
2BR
$1,060
$1,090
+2.8%
$981–$1,199
3BR
$1,350
$1,420
+5.2%
$1,278–$1,562
4BR
$1,440
$1,550
+7.6%
$1,395–$1,705
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Alba, MO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$850
$860
$1,090
$1,420
$1,550
FY 2026
$850
$850
$1,060
$1,350
$1,440
FY 2025
$940
$940
$1,170
$1,500
$1,590
FY 2024
$840
$860
$1,070
$1,360
$1,470
FY 2023
$700
$740
$930
$1,180
$1,310
Questions about Alba, MO rents
How much will Section 8 pay for a two-bedroom in Alba, MO?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,153, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,038 to $1,268 a month; under the ZIP-level Small Area FMR of $1,090 it would be $981 to $1,199. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Alba, MO in?
Alba, MO is in the Joplin, MO HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,153.
How much did fair market rent change in Alba, MO for FY 2027?
The two-bedroom FMR rose 2.8%, from $1,060 in FY 2026 to $1,090 in FY 2027. Since FY 2023 it has risen 17.2%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set