For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64802 (Joplin, MO) is $1,190 a month. That is up 22.7% from $970 in FY 2026. Joplin is in the Joplin, MO HUD Metro FMR Area. 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 $1,153. Among 22 ZIP codes in Jasper County, 64802 is tied for the 6th-highest two-bedroom rent (county range $960–$1,480). The median county two-bedroom FMR in Missouri is $962, so ZIP 64802 is 24% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 64802
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$780
$930
+19.2%
$837–$1,023
1BR
$780
$940
+20.5%
$846–$1,034
2BR
$970
$1,190
+22.7%
$1,071–$1,309
3BR
$1,270
$1,550
+22.0%
$1,395–$1,705
4BR
$1,320
$1,690
+28.0%
$1,521–$1,859
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 64802
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$930
$940
$1,190
$1,550
$1,690
FY 2026
$780
$780
$970
$1,270
$1,320
FY 2025
$850
$850
$1,060
$1,360
$1,440
FY 2024
$740
$760
$950
$1,210
$1,310
FY 2023
$630
$670
$840
$1,070
$1,180
Two-bedroom rent in nearby Jasper County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 64802?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,153, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,038 to $1,268 a month; under the ZIP-level Small Area FMR of $1,190 it would be $1,071 to $1,309. 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 64802 in?
ZIP 64802 is in the Joplin, MO HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,153.
How much did fair market rent change in ZIP 64802 for FY 2027?
The two-bedroom FMR rose 22.7%, from $970 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 41.7%.
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