FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 63039
0.84ratio
FMR$1,030
Market$1,230
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 63039
0.89ratio
FMR$1,260
Market$1,410
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR- 63039
0.91ratio
FMR$1,620
Market$1,780
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 63039
1.06ratio
FMR$1,870
Market$1,760
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.06
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
--
Gray Summit, MO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Gray Summit, MO is $1,260 a month. That is up 8.6% from $1,160 in FY 2026. Gray Summit 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 Gray Summit is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Gray Summit, MO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$910
$990
+8.8%
$891–$1,089
1BR
$950
$1,030
+8.4%
$927–$1,133
2BR
$1,160
$1,260
+8.6%
$1,134–$1,386
3BR
$1,500
$1,620
+8.0%
$1,458–$1,782
4BR
$1,720
$1,870
+8.7%
$1,683–$2,057
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Gray Summit, MO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,030
$1,260
$1,620
$1,870
FY 2026
$910
$950
$1,160
$1,500
$1,720
FY 2025
$910
$940
$1,170
$1,510
$1,730
FY 2024
$930
$980
$1,220
$1,570
$1,830
FY 2023
$770
$820
$1,030
$1,330
$1,560
Questions about Gray Summit, MO rents
How much will Section 8 pay for a two-bedroom in Gray Summit, MO?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,260, that basic range is $1,134 to $1,386 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 Gray Summit, MO in?
Gray Summit, 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 Gray Summit, MO for FY 2027?
The two-bedroom FMR rose 8.6%, from $1,160 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 22.3%.
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