FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 63028
0.81ratio
FMR$950
Market$1,170
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 63028
0.85ratio
FMR$1,160
Market$1,360
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 63028
0.82ratio
FMR$1,490
Market$1,810
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.82
4 BR
4 BR- 63028
0.84ratio
FMR$1,720
Market$2,040
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.84
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
--
Festus, MO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Festus, MO is $1,160 a month. That is up 8.4% from $1,070 in FY 2026. Festus is in the St. Louis, MO-IL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Missouri is $962, so Festus is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Festus, MO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$840
$910
+8.3%
$819–$1,001
1BR
$870
$950
+9.2%
$855–$1,045
2BR
$1,070
$1,160
+8.4%
$1,044–$1,276
3BR
$1,380
$1,490
+8.0%
$1,341–$1,639
4BR
$1,590
$1,720
+8.2%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Festus, MO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$950
$1,160
$1,490
$1,720
FY 2026
$840
$870
$1,070
$1,380
$1,590
FY 2025
$850
$880
$1,090
$1,410
$1,640
FY 2024
$840
$880
$1,090
$1,410
$1,640
FY 2023
$680
$720
$910
$1,180
$1,380
Questions about Festus, MO rents
How much will Section 8 pay for a two-bedroom in Festus, MO?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,160, that basic range is $1,044 to $1,276 a month. 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 Festus, MO in?
Festus, MO is in the St. Louis, MO-IL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Festus, MO for FY 2027?
The two-bedroom FMR rose 8.4%, from $1,070 in FY 2026 to $1,160 in FY 2027. Since FY 2023 it has risen 27.5%.
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