Cape Girardeau County/Cape Girardeau/63703

63703

ZIPSAFMR

Cape Girardeau County, MO

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ZIP Investment Score

132High yield potential

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$760	$840	5.9%
1 BR	$830	$910	6.4%
2 BR	$1,010	$1,040	5.1%
3 BR	$1,400	$1,330	4.4%
4 BR	$1,690	$1,540	5.5%
5 BR	$1,943	Not available	5.5%
6 BR	$2,235	Not available	5.5%
7 BR	$2,570	Not available	5.5%
8 BR	$2,956	Not available	5.5%

Purchase Price Calculator

Maximum purchase price

$92,627

Cost breakdown

+Likely effective rent$1,040

HUD FMR$1,010

Market rent$1,050

Est. payment standard (103%)Used$1,040

-Principal and interest-$468

Loan amount$74,102

Down payment$18,525

Rate6.50%

Term30 years

-Operating costs-$372

Property taxes-$93

Insurance-$175

Utilities$0

HOA$0

Management-$104

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$16,977(91.6% ROI)

Projected value

$99,749

Return breakdown

Property appreciation+$7,122

Loan principal paid down+$2,655

Rental cash flow+$7,200

5-year hold

+$28,906(156.0% ROI)

Projected value

$104,799

Return breakdown

Property appreciation+$12,172

Loan principal paid down+$4,734

Rental cash flow+$12,000

10-year hold

+$61,225(330.5% ROI)

Projected value

$118,570

Return breakdown

Property appreciation+$25,943

Loan principal paid down+$11,281

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.84ratio

FMR$760

Market$910

vs market-$150

FMR is below market; voucher rent may lag private rents.

0.84

1 BR

0.86ratio

FMR$830

Market$960

vs market-$130

FMR is below market; voucher rent may lag private rents.

0.86

2 BR

0.96ratio

FMR$1,010

Market$1,050

vs market-$40

FMR is near market; voucher and private rents are aligned.

0.96

3 BR

1.05ratio

FMR$1,400

Market$1,330

vs market+$70

FMR is near market; voucher and private rents are aligned.

1.05

4 BR

1.10ratio

FMR$1,690

Market$1,540

vs market+$150

FMR is near market; voucher and private rents are aligned.

1.10

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 63703 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63703 (Cape Girardeau, MO) is $1,010 a month. That is up 5.2% from $960 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, 63703 has the 15th-highest two-bedroom rent (county range $960–$1,140). The median county two-bedroom FMR in Missouri is $962, so ZIP 63703 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 63703
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$740	$760	+2.7%	$684–$836
1BR	$780	$830	+6.4%	$747–$913
2BR	$960	$1,010	+5.2%	$909–$1,111
3BR	$1,340	$1,400	+4.5%	$1,260–$1,540
4BR	$1,610	$1,690	+5.0%	$1,521–$1,859

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 63703
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$760	$830	$1,010	$1,400	$1,690
FY 2026	$740	$780	$960	$1,340	$1,610
FY 2025	$710	$760	$940	$1,320	$1,580
FY 2024	$640	$690	$870	$1,230	$1,440
FY 2023	$560	$630	$810	$1,150	$1,280

Two-bedroom rent in nearby Cape Girardeau County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 63703
63701	$1,050	+4.0%
63702	$1,020	+1.0%
63703Current	$1,010	—
63730	$980	−3.0%
63732	$960	−5.0%
63739	$1,080	+6.9%
63740	$980	−3.0%
63743	$1,030	+2.0%
63744	$1,050	+4.0%
63745	$1,050	+4.0%
63747	$1,030	+2.0%
63752	$1,020	+1.0%

Questions about ZIP 63703 rents

How much will Section 8 pay for a two-bedroom in ZIP 63703?

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 $1,010 it would be $909 to $1,111. 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 63703 in?

ZIP 63703 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 63703 for FY 2027?

The two-bedroom FMR rose 5.2%, from $960 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 24.7%.

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 rent Cape Girardeau, MO fair market rent MO statewide rents What is SAFMR?Data sources