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Clever, MO

CitySAFMR
Stone County
Found 1 ZIP

City Median Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050$1,100
1 BR$1,070$1,110
2 BR$1,310$1,180
3 BR$1,810$1,530
4 BR$2,090$1,870
5 BR$2,404Not available
6 BR$2,764Not available
7 BR$3,179Not available
8 BR$3,655Not available

Purchase Price Calculator

Maximum purchase price
$113,431

Cost breakdown

+Likely effective rent$1,180
HUD FMR$1,310
Market rentUsed$1,180
Est. payment standard (94%)$1,230
-Principal and interest-$574
Loan amount$90,745
Down payment$22,686
Rate6.50%
Term30 years
-Operating costs-$406
Property taxes-$113
Insurance-$175
Utilities$0
HOA$0
Management-$118
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,173(84.5% ROI)
Projected value
$122,153
Return breakdown
Property appreciation+$8,722
Loan principal paid down+$3,251
Rental cash flow+$7,200
5-year hold
+$32,703(144.2% ROI)
Projected value
$128,337
Return breakdown
Property appreciation+$14,906
Loan principal paid down+$5,798
Rental cash flow+$12,000
10-year hold
+$69,585(306.7% ROI)
Projected value
$145,201
Return breakdown
Property appreciation+$31,770
Loan principal paid down+$13,815
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
0.95
2 BR
1.11
3 BR
1.18
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Clever, MO fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Clever, MO is $1,310 a month. That is down 0.8% from $1,320 in FY 2026. Clever is in the Stone County, MO non-metropolitan 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 county-wide two-bedroom FMR of $1,032. The median county two-bedroom FMR in Missouri is $962, so Clever is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Clever, MO
BedroomsFY 2027Change90–110% range
Studio$1,0500.0%$945–$1,155
1BR$1,070+0.9%$963–$1,177
2BR$1,310−0.8%$1,179–$1,441
3BR$1,8100.0%$1,629–$1,991
4BR$2,090+1.0%$1,881–$2,299

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Clever, MO
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,070$1,310$1,810$2,090
FY 2026$1,050$1,060$1,320$1,810$2,070
FY 2025$960$970$1,230$1,690$1,910
FY 2024$900$900$1,150$1,590$1,790
FY 2023$830$840$1,070$1,500$1,700

Questions about Clever, MO rents

How much will Section 8 pay for a two-bedroom in Clever, MO?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,032, which applies unless the housing authority uses Small Area FMRs, that basic range is $929 to $1,135 a month; under the ZIP-level Small Area FMR of $1,310 it would be $1,179 to $1,441. 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 Clever, MO in?

Clever, MO is in the Stone County, MO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,032.

How much did fair market rent change in Clever, MO for FY 2027?

The two-bedroom FMR fell 0.8%, from $1,320 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 22.4%.

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