FMR is below market; voucher rent may lag private rents.
0.55
1 BR
1 BR
0.59ratio
FMR$1,260
Market$2,150
vs market-$890
FMR is below market; voucher rent may lag private rents.
0.59
2 BR
2 BR
0.72ratio
FMR$1,540
Market$2,150
vs market-$610
FMR is below market; voucher rent may lag private rents.
0.72
3 BR
3 BR
0.87ratio
FMR$1,980
Market$2,270
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR
0.86ratio
FMR$2,280
Market$2,640
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.86
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
--
ZIP 63365 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63365 (New Melle, MO) is $1,540 a month. That is up 11.6% from $1,380 in FY 2026. New Melle 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. Among 18 ZIP codes in St. Charles County, 63365 is tied for the 11th-highest two-bedroom rent (county range $1,180–$1,980). The median county two-bedroom FMR in Missouri is $962, so ZIP 63365 is 60% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 63365
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,080
$1,210
+12.0%
$1,089–$1,331
1BR
$1,130
$1,260
+11.5%
$1,134–$1,386
2BR
$1,380
$1,540
+11.6%
$1,386–$1,694
3BR
$1,780
$1,980
+11.2%
$1,782–$2,178
4BR
$2,050
$2,280
+11.2%
$2,052–$2,508
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 63365
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,210
$1,260
$1,540
$1,980
$2,280
FY 2026
$1,080
$1,130
$1,380
$1,780
$2,050
FY 2025
$1,080
$1,120
$1,380
$1,790
$2,060
FY 2024
$1,060
$1,110
$1,380
$1,790
$2,070
FY 2023
$850
$910
$1,140
$1,480
$1,730
Two-bedroom rent in nearby St. Charles County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 63365?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,540, that basic range is $1,386 to $1,694 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 ZIP 63365 in?
ZIP 63365 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 ZIP 63365 for FY 2027?
The two-bedroom FMR rose 11.6%, from $1,380 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 35.1%.
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