Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 63770 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63770 (Old Appleton, MO) is $980 a month. That is up 5.4% from $930 in FY 2026. Old Appleton 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, 63770 is tied for the 16th-highest two-bedroom rent (county range $960–$1,140). The median county two-bedroom FMR in Missouri is $962, so ZIP 63770 is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 63770
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$710
$730
+2.8%
$657–$803
1BR
$780
$830
+6.4%
$747–$913
2BR
$930
$980
+5.4%
$882–$1,078
3BR
$1,280
$1,340
+4.7%
$1,206–$1,474
4BR
$1,490
$1,550
+4.0%
$1,395–$1,705
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 63770
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$730
$830
$980
$1,340
$1,550
FY 2026
$710
$780
$930
$1,280
$1,490
FY 2025
$760
$830
$1,000
$1,390
$1,630
FY 2024
$700
$760
$960
$1,350
$1,580
FY 2023
$610
$690
$890
$1,260
$1,400
Two-bedroom rent in nearby Cape Girardeau County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 63770?
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 $980 it would be $882 to $1,078. 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 63770 in?
ZIP 63770 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 63770 for FY 2027?
The two-bedroom FMR rose 5.4%, from $930 in FY 2026 to $980 in FY 2027. Since FY 2023 it has risen 10.1%.
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