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Buchanan County/Saint Joseph/64503

64503

ZIPSAFMR
Buchanan County, MO
Zillow

ZIP Investment Score

105Above average

095130300
BRFMR
Eff. Rent
0 BR$890$710
1 BR$900$730
2 BR$1,150$880
3 BR$1,470$1,150
4 BR$1,700$1,240
5 BR$1,955Not available
6 BR$2,248Not available
7 BR$2,585Not available
8 BR$2,973Not available

Purchase Price Calculator

Maximum purchase price
$68,851

Cost breakdown

+Likely effective rent$880
HUD FMR$1,150
Market rentUsed$880
Est. payment standard (90%)$1,040
-Principal and interest-$348
Loan amount$55,081
Down payment$13,770
Rate6.50%
Term30 years
-Operating costs-$332
Property taxes-$69
Insurance-$175
Utilities$0
HOA$0
Management-$88
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,467(105.1% ROI)
Projected value
$74,145
Return breakdown
Property appreciation+$5,294
Loan principal paid down+$1,973
Rental cash flow+$7,200
5-year hold
+$24,567(178.4% ROI)
Projected value
$77,899
Return breakdown
Property appreciation+$9,048
Loan principal paid down+$3,519
Rental cash flow+$12,000
10-year hold
+$51,670(375.2% ROI)
Projected value
$88,135
Return breakdown
Property appreciation+$19,284
Loan principal paid down+$8,385
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.25
1 BR
1.23
2 BR
1.31
3 BR
1.28
4 BR
1.37
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 64503 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64503 (Saint Joseph, MO) is $1,150 a month. That is down 1.7% from $1,170 in FY 2026. Saint Joseph is in the St. Joseph, MO-KS 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 $1,101. Among 19 ZIP codes in Buchanan County, 64503 has the 4th-highest two-bedroom rent (county range $1,030–$1,650). The median county two-bedroom FMR in Missouri is $962, so ZIP 64503 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 64503
BedroomsFY 2027Change90–110% range
Studio$890+6.0%$801–$979
1BR$9000.0%$810–$990
2BR$1,150−1.7%$1,035–$1,265
3BR$1,470−0.7%$1,323–$1,617
4BR$1,7000.0%$1,530–$1,870

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 64503
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$890$900$1,150$1,470$1,700
FY 2026$840$900$1,170$1,480$1,700
FY 2025$800$880$1,160$1,470$1,650
FY 2024$730$810$1,070$1,360$1,480
FY 2023$660$750$990$1,280$1,390

Two-bedroom rent in nearby Buchanan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 64503
64448$1,070−7.0%
64454$1,100−4.3%
64484$1,050−8.7%
64490$1,050−8.7%
64501$1,080−6.1%
64502$1,100−4.3%
64503Current$1,150—
64504$1,130−1.7%
64505$1,200+4.3%
64506$1,100−4.3%
64507$1,110−3.5%
64508$1,100−4.3%

Questions about ZIP 64503 rents

How much will Section 8 pay for a two-bedroom in ZIP 64503?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,101, which applies unless the housing authority uses Small Area FMRs, that basic range is $991 to $1,211 a month; under the ZIP-level Small Area FMR of $1,150 it would be $1,035 to $1,265. 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 64503 in?

ZIP 64503 is in the St. Joseph, MO-KS MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,101.

How much did fair market rent change in ZIP 64503 for FY 2027?

The two-bedroom FMR fell 1.7%, from $1,170 in FY 2026 to $1,150 in FY 2027. Since FY 2023 it has risen 16.2%.

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 rentSaint Joseph, MO fair market rentMO statewide rentsWhat is SAFMR?Data sources