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Cape Girardeau County/Cape Girardeau/63701

63701

ZIPSAFMR
Cape Girardeau County, MO
Zillow

ZIP Investment Score

104Above average

095130300
BRFMR
Eff. Rent
0 BR$790$870
1 BR$860$910
2 BR$1,050$980
3 BR$1,450$1,340
4 BR$1,760$1,610
5 BR$2,024Not available
6 BR$2,328Not available
7 BR$2,677Not available
8 BR$3,078Not available

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMR$1,050
Market rentUsed$980
Est. payment standard (96%)$1,000
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.69
1 BR
0.91
2 BR
1.07
3 BR
1.08
4 BR
1.09
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 63701 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63701 (Cape Girardeau, MO) is $1,050 a month. That is up 4.0% from $1,010 in FY 2026. Cape Girardeau is in the Cape Girardeau, MO-IL MSA. 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 $1,012. Among 22 ZIP codes in Cape Girardeau County, 63701 is tied for the 5th-highest two-bedroom rent (county range $960–$1,140). The median county two-bedroom FMR in Missouri is $962, so ZIP 63701 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 63701
BedroomsFY 2027Change90–110% range
Studio$790+1.3%$711–$869
1BR$860+4.9%$774–$946
2BR$1,050+4.0%$945–$1,155
3BR$1,450+3.6%$1,305–$1,595
4BR$1,760+4.1%$1,584–$1,936

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 63701
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$860$1,050$1,450$1,760
FY 2026$780$820$1,010$1,400$1,690
FY 2025$750$800$990$1,390$1,660
FY 2024$710$760$960$1,350$1,580
FY 2023$600$690$880$1,250$1,390

Two-bedroom rent in nearby Cape Girardeau County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 63701
63701Current$1,050—
63702$1,020−2.9%
63703$1,010−3.8%
63730$980−6.7%
63732$960−8.6%
63739$1,080+2.9%
63740$980−6.7%
63743$1,030−1.9%
63744$1,0500.0%
63745$1,0500.0%
63747$1,030−1.9%
63752$1,020−2.9%

Questions about ZIP 63701 rents

How much will Section 8 pay for a two-bedroom in ZIP 63701?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,012, which applies unless the housing authority uses Small Area FMRs, that basic range is $911 to $1,113 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. 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 63701 in?

ZIP 63701 is in the Cape Girardeau, MO-IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,012.

How much did fair market rent change in ZIP 63701 for FY 2027?

The two-bedroom FMR rose 4.0%, from $1,010 in FY 2026 to $1,050 in FY 2027. Since FY 2023 it has risen 19.3%.

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

County fair market rentCape Girardeau, MO fair market rentMO statewide rentsWhat is SAFMR?Data sources