FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR
0.93ratio
FMR$913
Market$980
vs market-$67
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR
0.96ratio
FMR$1,113
Market$1,160
vs market-$47
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR
1.03ratio
FMR$1,539
Market$1,500
vs market+$39
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR
0.95ratio
FMR$1,768
Market$1,860
vs market-$92
FMR is near market; voucher and private rents are aligned.
0.95
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 65899 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 65899 (Springfield, MO) is $1,113 a month. That is up 1.6% from $1,095 in FY 2026. Springfield is in the Springfield, MO HUD Metro FMR Area. The median county two-bedroom FMR in Missouri is $962, so ZIP 65899 is 16% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 65899
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$877
$908
+3.5%
$817–$999
1BR
$883
$913
+3.4%
$822–$1,004
2BR
$1,095
$1,113
+1.6%
$1,002–$1,224
3BR
$1,498
$1,539
+2.7%
$1,385–$1,693
4BR
$1,701
$1,768
+3.9%
$1,591–$1,945
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 65899
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$908
$913
$1,113
$1,539
$1,768
FY 2026
$877
$883
$1,095
$1,498
$1,701
FY 2025
$790
$795
$998
$1,372
$1,539
FY 2024
$718
$723
$921
$1,274
$1,434
FY 2023
$676
$681
$871
$1,225
$1,383
Questions about ZIP 65899 rents
How much will Section 8 pay for a two-bedroom in ZIP 65899?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,113, that basic range is $1,002 to $1,224 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 65899 in?
ZIP 65899 is in the Springfield, MO HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 65899 for FY 2027?
The two-bedroom FMR rose 1.6%, from $1,095 in FY 2026 to $1,113 in FY 2027. Since FY 2023 it has risen 27.8%.
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