FMR is near market; voucher and private rents are aligned.
1.08
2 BR
2 BR
1.09ratio
FMR$1,120
Market$1,030
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.09
3 BR
3 BR
0.97ratio
FMR$1,550
Market$1,590
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR
1.05ratio
FMR$1,780
Market$1,690
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.05
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 65890 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 65890 (Springfield, MO) is $1,120 a month. That is up 1.8% from $1,100 in FY 2026. Springfield 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, 65890 is tied for the 12th-highest two-bedroom rent (county range $990–$1,300). The median county two-bedroom FMR in Missouri is $962, so ZIP 65890 is 16% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 65890
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$910
+3.4%
$819–$1,001
1BR
$890
$920
+3.4%
$828–$1,012
2BR
$1,100
$1,120
+1.8%
$1,008–$1,232
3BR
$1,500
$1,550
+3.3%
$1,395–$1,705
4BR
$1,710
$1,780
+4.1%
$1,602–$1,958
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 65890
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$920
$1,120
$1,550
$1,780
FY 2026
$880
$890
$1,100
$1,500
$1,710
FY 2025
$790
$800
$1,000
$1,370
$1,540
FY 2024
$720
$720
$920
$1,270
$1,430
FY 2023
$680
$680
$870
$1,220
$1,380
Two-bedroom rent in nearby Greene County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 65890?
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 $1,120 it would be $1,008 to $1,232. 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 65890 in?
ZIP 65890 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 65890 for FY 2027?
The two-bedroom FMR rose 1.8%, from $1,100 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 28.7%.
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