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Greene County/Ozark/65721

65721

ZIPSAFMR
Greene County, MO
Zillow

ZIP Investment Score

72Below average

095130300
BRFMR
Eff. Rent
0 BR$970$1,070
1 BR$980$1,050
2 BR$1,190$1,230
3 BR$1,650$1,580
4 BR$1,890$1,970
5 BR$2,174Not available
6 BR$2,500Not available
7 BR$2,874Not available
8 BR$3,306Not available

Purchase Price Calculator

Maximum purchase price
$120,861

Cost breakdown

+Likely effective rent$1,230
HUD FMR$1,190
Market rent$1,250
Est. payment standard (103%)Used$1,230
-Principal and interest-$611
Loan amount$96,689
Down payment$24,172
Rate6.50%
Term30 years
-Operating costs-$419
Property taxes-$121
Insurance-$175
Utilities$0
HOA$0
Management-$123
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,957(82.6% ROI)
Projected value
$130,154
Return breakdown
Property appreciation+$9,293
Loan principal paid down+$3,464
Rental cash flow+$7,200
5-year hold
+$34,060(140.9% ROI)
Projected value
$136,743
Return breakdown
Property appreciation+$15,882
Loan principal paid down+$6,177
Rental cash flow+$12,000
10-year hold
+$72,571(300.2% ROI)
Projected value
$154,712
Return breakdown
Property appreciation+$33,851
Loan principal paid down+$14,720
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.84
1 BR
0.90
2 BR
0.95
3 BR
1.04
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 65721 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 65721 (Ozark, MO) is $1,190 a month. That is up 3.5% from $1,150 in FY 2026. Ozark is in the Springfield, 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 $1,113. Among 29 ZIP codes in Greene County, 65721 has the 5th-highest two-bedroom rent (county range $990–$1,300). The median county two-bedroom FMR in Missouri is $962, so ZIP 65721 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 65721
BedroomsFY 2027Change90–110% range
Studio$970+5.4%$873–$1,067
1BR$980+5.4%$882–$1,078
2BR$1,190+3.5%$1,071–$1,309
3BR$1,650+5.1%$1,485–$1,815
4BR$1,890+5.6%$1,701–$2,079

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 65721
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$970$980$1,190$1,650$1,890
FY 2026$920$930$1,150$1,570$1,790
FY 2025$850$850$1,070$1,470$1,650
FY 2024$790$790$1,010$1,400$1,570
FY 2023$750$750$960$1,350$1,520

Two-bedroom rent in nearby Greene County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 65721
65648$1,100−7.6%
65706$990−16.8%
65721Current$1,190—
65725$1,140−4.2%
65738$1,300+9.2%
65742$1,060−10.9%
65757$1,180−0.8%
65765$1,120−5.9%
65770$990−16.8%
65781$1,270+6.7%
65801$1,120−5.9%
65802$1,000−16.0%

Questions about ZIP 65721 rents

How much will Section 8 pay for a two-bedroom in ZIP 65721?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,113, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,002 to $1,224 a month; under the ZIP-level Small Area FMR of $1,190 it would be $1,071 to $1,309. 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 65721 in?

ZIP 65721 is in the Springfield, MO HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,113.

How much did fair market rent change in ZIP 65721 for FY 2027?

The two-bedroom FMR rose 3.5%, from $1,150 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 24.0%.

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