FMR is below market; voucher rent may lag private rents.
0.55
1 BR
1 BR
0.59ratio
FMR$830
Market$1,410
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.59
2 BR
2 BR
0.83ratio
FMR$1,090
Market$1,320
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR
1.01ratio
FMR$1,490
Market$1,470
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR
0.99ratio
FMR$1,740
Market$1,760
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
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 65534 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 65534 (Laquey, MO) is $1,090 a month. That is up 9.0% from $1,000 in FY 2026. Laquey is in the Laclede 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 $998. Among 14 ZIP codes in Laclede County, 65534 has the 3rd-highest two-bedroom rent (county range $960–$1,200). The median county two-bedroom FMR in Missouri is $962, so ZIP 65534 is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 65534
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$730
$800
+9.6%
$720–$880
1BR
$760
$830
+9.2%
$747–$913
2BR
$1,000
$1,090
+9.0%
$981–$1,199
3BR
$1,370
$1,490
+8.8%
$1,341–$1,639
4BR
$1,590
$1,740
+9.4%
$1,566–$1,914
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 65534
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$800
$830
$1,090
$1,490
$1,740
FY 2026
$730
$760
$1,000
$1,370
$1,590
FY 2025
$690
$710
$920
$1,280
$1,500
FY 2024area FMR
$601
$607
$797
$1,061
$1,353
FY 2023area FMR
$549
$567
$746
$996
$1,271
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Laclede County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 65534?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $998, which applies unless the housing authority uses Small Area FMRs, that basic range is $898 to $1,098 a month; under the ZIP-level Small Area FMR of $1,090 it would be $981 to $1,199. 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 65534 in?
ZIP 65534 is in the Laclede County, MO non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $998.
How much did fair market rent change in ZIP 65534 for FY 2027?
The two-bedroom FMR rose 9.0%, from $1,000 in FY 2026 to $1,090 in FY 2027. Since FY 2025 it has risen 18.5%.
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