FMR is near market; voucher and private rents are aligned.
1.02
1 BR
1 BR- 65251
0.98ratio
FMR$840
Market$860
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.98
2 BR
2 BR- 65251
1.00ratio
FMR$1,100
Market$1,100
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 65251
1.05ratio
FMR$1,310
Market$1,250
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR- 65251
1.16ratio
FMR$1,540
Market$1,330
vs market+$210
FMR is above market; underwrite to market rent.
1.16
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
--
Fulton, MO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Fulton, MO is $1,100 a month. That is up 7.8% from $1,020 in FY 2026. Fulton is in the Callaway County, 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 $1,123. The median county two-bedroom FMR in Missouri is $962, so Fulton is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Fulton, MO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$770
$840
+9.1%
$756–$924
1BR
$780
$840
+7.7%
$756–$924
2BR
$1,020
$1,100
+7.8%
$990–$1,210
3BR
$1,220
$1,310
+7.4%
$1,179–$1,441
4BR
$1,440
$1,540
+6.9%
$1,386–$1,694
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Fulton, MO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$840
$840
$1,100
$1,310
$1,540
FY 2026
$770
$780
$1,020
$1,220
$1,440
FY 2025
$730
$730
$960
$1,160
$1,370
FY 2024
$670
$680
$890
$1,080
$1,310
FY 2023
$590
$590
$780
$950
$1,190
Questions about Fulton, MO rents
How much will Section 8 pay for a two-bedroom in Fulton, MO?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,123, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,011 to $1,235 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 Fulton, MO in?
Fulton, MO is in the Callaway County, MO HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,123.
How much did fair market rent change in Fulton, MO for FY 2027?
The two-bedroom FMR rose 7.8%, from $1,020 in FY 2026 to $1,100 in FY 2027. Since FY 2023 it has risen 41.0%.
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