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Callaway County/Columbia/65201

65201

ZIPSAFMR
Callaway County, MO
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$770$850
1 BR$980$1,080
2 BR$1,100$1,210
3 BR$1,490$1,640
4 BR$1,710$1,880
5 BR$1,966Not available
6 BR$2,261Not available
7 BR$2,601Not available
8 BR$2,991Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMR$1,100
Market rent$1,810
Est. payment standard (110%)Used$1,210
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.41
1 BR
0.55
2 BR
0.61
3 BR
0.69
4 BR
0.72
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 65201 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 65201 (Columbia, MO) is $1,100 a month. That is down 5.2% from $1,160 in FY 2026. Columbia 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, 65201 is tied for the 7th-highest two-bedroom rent (county range $960–$1,220). The median county two-bedroom FMR in Missouri is $962, so ZIP 65201 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 65201
BedroomsFY 2027Change90–110% range
Studio$770−3.7%$693–$847
1BR$980−3.0%$882–$1,078
2BR$1,100−5.2%$990–$1,210
3BR$1,490−5.1%$1,341–$1,639
4BR$1,710−8.1%$1,539–$1,881

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 65201
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$770$980$1,100$1,490$1,710
FY 2026$800$1,010$1,160$1,570$1,860
FY 2025$690$860$1,000$1,350$1,590
FY 2024$700$860$1,030$1,380$1,610
FY 2023$680$800$970$1,300$1,520

Two-bedroom rent in nearby Callaway County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 65201
65069$1,000−9.1%
65077$1,130+2.7%
65080$1,110+0.9%
65101$960−12.7%
65201Current$1,100—
65202$1,110+0.9%
65231$960−12.7%
65240$1,050−4.5%
65251$1,1000.0%
65262$1,040−5.5%
65264$960−12.7%
65265$960−12.7%

Questions about ZIP 65201 rents

How much will Section 8 pay for a two-bedroom in ZIP 65201?

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 $1,100 it would be $990 to $1,210. 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 65201 in?

ZIP 65201 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 65201 for FY 2027?

The two-bedroom FMR fell 5.2%, from $1,160 in FY 2026 to $1,100 in FY 2027. Since FY 2023 it has risen 13.4%.

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