65101

ZIPSAFMR

Callaway County, MO

ZIP Investment Score

56Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$730	$800	5.0%
1 BR	$740	$810	5.5%
2 BR	$960	$1,020	6.3%
3 BR	$1,330	$1,230	5.6%
4 BR	$1,550	$1,340	9.8%
5 BR	$1,782	Not available	9.8%
6 BR	$2,050	Not available	9.8%
7 BR	$2,357	Not available	9.8%
8 BR	$2,711	Not available	9.8%

Purchase Price Calculator

Maximum purchase price

$89,655

Cost breakdown

+Likely effective rent$1,020

HUD FMR$960

Market rent$1,050

Est. payment standard (106%)Used$1,020

-Principal and interest-$453

Loan amount$71,724

Down payment$17,931

Rate6.50%

Term30 years

-Operating costs-$367

Property taxes-$90

Insurance-$175

Utilities$0

HOA$0

Management-$102

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$16,663(92.9% ROI)

Projected value

$96,549

Return breakdown

Property appreciation+$6,894

Loan principal paid down+$2,570

Rental cash flow+$7,200

5-year hold

+$28,364(158.2% ROI)

Projected value

$101,437

Return breakdown

Property appreciation+$11,781

Loan principal paid down+$4,582

Rental cash flow+$12,000

10-year hold

+$60,030(334.8% ROI)

Projected value

$114,766

Return breakdown

Property appreciation+$25,111

Loan principal paid down+$10,919

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.74ratio

FMR$730

Market$990

vs market-$260

FMR is below market; voucher rent may lag private rents.

0.74

1 BR

0.76ratio

FMR$740

Market$980

vs market-$240

FMR is below market; voucher rent may lag private rents.

0.76

2 BR

0.91ratio

FMR$960

Market$1,050

vs market-$90

FMR is near market; voucher and private rents are aligned.

0.91

3 BR

1.08ratio

FMR$1,330

Market$1,230

vs market+$100

FMR is near market; voucher and private rents are aligned.

1.08

4 BR

1.16ratio

FMR$1,550

Market$1,340

vs market+$210

FMR is above market; underwrite to market rent.

1.16

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 65101 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 65101 (Jefferson City, MO) is $960 a month. That is up 6.7% from $900 in FY 2026. Jefferson City is in the Callaway County, 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 $1,123. Among 20 ZIP codes in Callaway County, 65101 is tied for the 15th-highest two-bedroom rent (county range $960–$1,220).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 65101
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$690	$730	+5.8%	$657–$803
1BR	$690	$740	+7.2%	$666–$814
2BR	$900	$960	+6.7%	$864–$1,056
3BR	$1,230	$1,330	+8.1%	$1,197–$1,463
4BR	$1,350	$1,550	+14.8%	$1,395–$1,705

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 65101
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$730	$740	$960	$1,330	$1,550
FY 2026	$690	$690	$900	$1,230	$1,350
FY 2025	$640	$650	$850	$1,180	$1,250
FY 2024	$630	$630	$800	$1,130	$1,170
FY 2023	$610	$610	$750	$1,060	$1,080

Two-bedroom rent in nearby Callaway County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 65101
65039	$1,110	+15.6%
65043	$1,220	+27.1%
65059	$1,160	+20.8%
65063	$1,050	+9.4%
65067	$1,070	+11.5%
65069	$1,000	+4.2%
65077	$1,130	+17.7%
65080	$1,110	+15.6%
65101Current	$960	—
65201	$1,100	+14.6%
65202	$1,110	+15.6%
65231	$960	0.0%

Questions about ZIP 65101 rents

How much will Section 8 pay for a two-bedroom in ZIP 65101?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,123, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,011 to $1,235 a month; under the ZIP-level Small Area FMR of $960 it would be $864 to $1,056. 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 65101 in?

ZIP 65101 is in the Callaway County, MO HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,123.

How much did fair market rent change in ZIP 65101 for FY 2027?

The two-bedroom FMR rose 6.7%, from $900 in FY 2026 to $960 in FY 2027. Since FY 2023 it has risen 28.0%.

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 rent Jefferson City, MO fair market rent MO statewide rents What is SAFMR?Data sources