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Lafayette County/Waverly/64096

64096

ZIPSAFMR
Lafayette County, MO
Zillow

ZIP Investment Score

112Above average

095130300
BRFMR
Eff. Rent
0 BR$880$880
1 BR$950$950
2 BR$1,080$1,080
3 BR$1,410$1,410
4 BR$1,690$1,690
5 BR$1,943Not available
6 BR$2,235Not available
7 BR$2,570Not available
8 BR$2,956Not available

Purchase Price Calculator

Maximum purchase price
$98,571

Cost breakdown

+Likely effective rent$1,080
HUD FMRUsed$1,080
Market rentN/A
Est. payment standardN/A
-Principal and interest-$498
Loan amount$78,857
Down payment$19,714
Rate6.50%
Term30 years
-Operating costs-$382
Property taxes-$99
Insurance-$175
Utilities$0
HOA$0
Management-$108
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,604(89.3% ROI)
Projected value
$106,150
Return breakdown
Property appreciation+$7,579
Loan principal paid down+$2,825
Rental cash flow+$7,200
5-year hold
+$29,991(152.1% ROI)
Projected value
$111,524
Return breakdown
Property appreciation+$12,953
Loan principal paid down+$5,038
Rental cash flow+$12,000
10-year hold
+$63,613(322.7% ROI)
Projected value
$126,179
Return breakdown
Property appreciation+$27,608
Loan principal paid down+$12,005
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
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Tax rate
--
Mortgage rate
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ZIP 64096 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64096 (Waverly, MO) is $1,080 a month. That is up 4.9% from $1,030 in FY 2026. Waverly 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 17 ZIP codes in Lafayette County, 64096 is tied for the 10th-highest two-bedroom rent (county range $960–$1,780). The median county two-bedroom FMR in Missouri is $962, so ZIP 64096 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 64096
BedroomsFY 2027Change90–110% range
Studio$880+8.6%$792–$968
1BR$950+5.6%$855–$1,045
2BR$1,080+4.9%$972–$1,188
3BR$1,410+4.4%$1,269–$1,551
4BR$1,690+7.6%$1,521–$1,859

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 64096
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$950$1,080$1,410$1,690
FY 2026$810$900$1,030$1,350$1,570
FY 2025$890$990$1,140$1,490$1,740
FY 2024$800$910$1,050$1,380$1,600
FY 2023$690$790$930$1,230$1,420

Two-bedroom rent in nearby Lafayette County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 64096
64020$1,040−3.7%
64021$1,220+13.0%
64022$1,140+5.6%
64037$1,0800.0%
64067$1,070−0.9%
64070$1,480+37.0%
64071$1,160+7.4%
64074$1,780+64.8%
64075$1,260+16.7%
64076$1,250+15.7%
64096Current$1,080—
64097$1,350+25.0%

Questions about ZIP 64096 rents

How much will Section 8 pay for a two-bedroom in ZIP 64096?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,080, that basic range is $972 to $1,188 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 64096 in?

ZIP 64096 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 64096 for FY 2027?

The two-bedroom FMR rose 4.9%, from $1,030 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has risen 16.1%.

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

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