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Clinton County/Smithville/64089

64089

ZIPSAFMR
Clinton County, MO
Zillow

ZIP Investment Score

102Above average

095130300
BRFMR
Eff. Rent
0 BR$1,280$1,280
1 BR$1,400$1,400
2 BR$1,580$1,580
3 BR$2,060$2,060
4 BR$2,470$2,470
5 BR$2,841Not available
6 BR$3,267Not available
7 BR$3,757Not available
8 BR$4,320Not available

Purchase Price Calculator

Maximum purchase price
$172,871

Cost breakdown

+Likely effective rent$1,580
HUD FMRUsed$1,580
Market rentN/A
Est. payment standardN/A
-Principal and interest-$874
Loan amount$138,297
Down payment$34,574
Rate6.50%
Term30 years
-Operating costs-$506
Property taxes-$173
Insurance-$175
Utilities$0
HOA$0
Management-$158
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,447(73.6% ROI)
Projected value
$186,163
Return breakdown
Property appreciation+$13,292
Loan principal paid down+$4,955
Rental cash flow+$7,200
5-year hold
+$43,552(126.0% ROI)
Projected value
$195,588
Return breakdown
Property appreciation+$22,717
Loan principal paid down+$8,836
Rental cash flow+$12,000
10-year hold
+$93,473(270.4% ROI)
Projected value
$221,289
Return breakdown
Property appreciation+$48,418
Loan principal paid down+$21,054
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 64089 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64089 (Smithville, MO) is $1,580 a month. That is up 20.6% from $1,310 in FY 2026. Smithville is in the Kansas City, MO-KS HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 12 ZIP codes in Clinton County, 64089 has the highest two-bedroom rent (county range $960–$1,580). The median county two-bedroom FMR in Missouri is $962, so ZIP 64089 is 64% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 64089
BedroomsFY 2027Change90–110% range
Studio$1,280+20.8%$1,152–$1,408
1BR$1,400+21.7%$1,260–$1,540
2BR$1,580+20.6%$1,422–$1,738
3BR$2,060+20.5%$1,854–$2,266
4BR$2,470+21.7%$2,223–$2,717

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 64089
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,280$1,400$1,580$2,060$2,470
FY 2026$1,060$1,150$1,310$1,710$2,030
FY 2025$990$1,090$1,240$1,620$1,910
FY 2024$880$990$1,130$1,480$1,730
FY 2023$800$900$1,050$1,380$1,600

Two-bedroom rent in nearby Clinton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 64089
64048$1,220−22.8%
64062$1,460−7.6%
64089Current$1,580—
64429$1,340−15.2%
64444$1,070−32.3%
64454$1,100−30.4%
64465$1,060−32.9%
64474$960−39.2%
64477$1,190−24.7%
64490$1,050−33.5%
64492$1,240−21.5%
64493$1,240−21.5%

Questions about ZIP 64089 rents

How much will Section 8 pay for a two-bedroom in ZIP 64089?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,580, that basic range is $1,422 to $1,738 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 64089 in?

ZIP 64089 is in the Kansas City, MO-KS 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 64089 for FY 2027?

The two-bedroom FMR rose 20.6%, from $1,310 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 50.5%.

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

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