FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR
0.79ratio
FMR$959
Market$1,210
vs market-$251
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR
0.66ratio
FMR$1,076
Market$1,630
vs market-$554
FMR is below market; voucher rent may lag private rents.
0.66
3 BR
3 BR
0.72ratio
FMR$1,459
Market$2,030
vs market-$571
FMR is below market; voucher rent may lag private rents.
0.72
4 BR
4 BR
0.74ratio
FMR$1,676
Market$2,270
vs market-$594
FMR is below market; voucher rent may lag private rents.
0.74
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
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ZIP 65212 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 65212 (Columbia, MO) is $1,076 a month. That is down 7.2% from $1,160 in FY 2026. Columbia is in the Columbia, MO HUD Metro FMR Area. The median county two-bedroom FMR in Missouri is $962, so ZIP 65212 is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 65212
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$749
−6.4%
$674–$824
1BR
$1,011
$959
−5.1%
$863–$1,055
2BR
$1,160
$1,076
−7.2%
$968–$1,184
3BR
$1,573
$1,459
−7.2%
$1,313–$1,605
4BR
$1,861
$1,676
−9.9%
$1,508–$1,844
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 65212
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$749
$959
$1,076
$1,459
$1,676
FY 2026
$800
$1,011
$1,160
$1,573
$1,861
FY 2025
$691
$862
$1,007
$1,360
$1,601
FY 2024
$702
$861
$1,035
$1,386
$1,620
FY 2023
$679
$788
$961
$1,290
$1,504
Questions about ZIP 65212 rents
How much will Section 8 pay for a two-bedroom in ZIP 65212?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,076, that basic range is $968 to $1,184 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 65212 in?
ZIP 65212 is in the Columbia, MO HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 65212 for FY 2027?
The two-bedroom FMR fell 7.2%, from $1,160 in FY 2026 to $1,076 in FY 2027. Since FY 2023 it has risen 12.0%.
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 Fair Market Rents. 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