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Morgan County/Florence/65329

65329

ZIPSAFMR
Morgan County, MO
Zillow

ZIP Investment Score

39Below average

095130300
BRFMR
Eff. Rent
0 BR$820$820
1 BR$900$900
2 BR$1,110$1,110
3 BR$1,470$1,470
4 BR$1,520$1,520
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$103,029

Cost breakdown

+Likely effective rent$1,110
HUD FMRUsed$1,110
Market rentN/A
Est. payment standardN/A
-Principal and interest-$521
Loan amount$82,423
Down payment$20,606
Rate6.50%
Term30 years
-Operating costs-$389
Property taxes-$103
Insurance-$175
Utilities$0
HOA$0
Management-$111
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,075(87.7% ROI)
Projected value
$110,951
Return breakdown
Property appreciation+$7,922
Loan principal paid down+$2,953
Rental cash flow+$7,200
5-year hold
+$30,805(149.5% ROI)
Projected value
$116,568
Return breakdown
Property appreciation+$13,539
Loan principal paid down+$5,266
Rental cash flow+$12,000
10-year hold
+$65,405(317.4% ROI)
Projected value
$131,886
Return breakdown
Property appreciation+$28,857
Loan principal paid down+$12,548
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 65329 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 65329 (Florence, MO) is $1,110 a month. That is up 8.8% from $1,020 in FY 2026. Florence is in the Morgan County, MO non-metropolitan 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 county-wide two-bedroom FMR of $962. Among 16 ZIP codes in Morgan County, 65329 has the 4th-highest two-bedroom rent (county range $960–$1,540). The median county two-bedroom FMR in Missouri is $962, so ZIP 65329 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 65329
BedroomsFY 2027Change90–110% range
Studio$820+10.8%$738–$902
1BR$900+9.8%$810–$990
2BR$1,110+8.8%$999–$1,221
3BR$1,470+12.2%$1,323–$1,617
4BR$1,520+4.8%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 65329
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$820$900$1,110$1,470$1,520
FY 2026$740$820$1,020$1,310$1,450
FY 2025$630$690$870$1,120$1,270
FY 2024area FMR$601$707$797$1,057$1,061
FY 2023area FMR$549$660$746$998$1,002

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Morgan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 65329
65038$960−13.5%
65072$1,440+29.7%
65078$980−11.7%
65079$1,540+38.7%
65081$960−13.5%
65084$960−13.5%
65325$1,000−9.9%
65329Current$1,110—
65345$1,010−9.0%
65348$1,030−7.2%
65350$1,070−3.6%
65354$1,430+28.8%

Questions about ZIP 65329 rents

How much will Section 8 pay for a two-bedroom in ZIP 65329?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $962, which applies unless the housing authority uses Small Area FMRs, that basic range is $866 to $1,058 a month; under the ZIP-level Small Area FMR of $1,110 it would be $999 to $1,221. 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 65329 in?

ZIP 65329 is in the Morgan County, MO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $962.

How much did fair market rent change in ZIP 65329 for FY 2027?

The two-bedroom FMR rose 8.8%, from $1,020 in FY 2026 to $1,110 in FY 2027. Since FY 2025 it has risen 27.6%.

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