FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR- 64772
0.97ratio
FMR$760
Market$780
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 64772
1.11ratio
FMR$990
Market$890
vs market+$100
FMR is above market; underwrite to market rent.
1.11
3 BR
3 BR- 64772
1.18ratio
FMR$1,250
Market$1,060
vs market+$190
FMR is above market; underwrite to market rent.
1.18
4 BR
4 BR- 64772
1.28ratio
FMR$1,490
Market$1,160
vs market+$330
FMR is above market; underwrite to market rent.
1.28
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
--
Nevada, MO fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Nevada, MO is $990 a month. That is up 8.8% from $910 in FY 2026. Nevada is in the Vernon 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 $994. The median county two-bedroom FMR in Missouri is $962, so Nevada is 3% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Nevada, MO
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$680
$730
+7.4%
$657–$803
1BR
$690
$760
+10.1%
$684–$836
2BR
$910
$990
+8.8%
$891–$1,089
3BR
$1,140
$1,250
+9.6%
$1,125–$1,375
4BR
$1,350
$1,490
+10.4%
$1,341–$1,639
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Nevada, MO
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$730
$760
$990
$1,250
$1,490
FY 2026
$680
$690
$910
$1,140
$1,350
FY 2025
$660
$670
$880
$1,080
$1,330
FY 2024area FMR
$652
$658
$865
$1,096
$1,379
FY 2023area FMR
$596
$615
$809
$1,058
$1,322
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Nevada, MO rents
How much will Section 8 pay for a two-bedroom in Nevada, MO?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $994, which applies unless the housing authority uses Small Area FMRs, that basic range is $895 to $1,093 a month; under the ZIP-level Small Area FMR of $990 it would be $891 to $1,089. 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 Nevada, MO in?
Nevada, MO is in the Vernon County, MO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $994.
How much did fair market rent change in Nevada, MO for FY 2027?
The two-bedroom FMR rose 8.8%, from $910 in FY 2026 to $990 in FY 2027. Since FY 2025 it has risen 12.5%.
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