HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Buchanan County, Missouri (FY 2027)
$1,101 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Buchanan County, and it's the baseline every voucher in Buchanan is measured against.
Two-bedroom FMR
$1,101
+2.2% from FY 2026
Payment standard
$991–$1,211
90% to 110% of the FMR, two-bedroom
Income to afford
$44,040
a year, with rent at 30% of income
Rank in Missouri
26th of 116
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $850 | $765–$935 | $34,000 | $16.35/hr | +9.8% |
| 1 bedroom | $857 | $771–$943 | $34,280 | $16.48/hr | +3.0% |
| 2 bedroom | $1,101 | $991–$1,211 | $44,040 | $21.17/hr | +2.2% |
| 3 bedroom | $1,406 | $1,265–$1,547 | $56,240 | $27.04/hr | +3.2% |
| 4 bedroom | $1,629 | $1,466–$1,792 | $65,160 | $31.33/hr | +4.0% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,873 | $1,686–$2,060 |
| 6 bedroom Estimate | $2,118 | $1,906–$2,330 |
| 7 bedroom Estimate | $2,362 | $2,126–$2,598 |
| 8 bedroom Estimate | $2,606 | $2,345–$2,867 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Buchanan actually rent for?
Search any address in Buchanan for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Buchanan somewhere between $991 and $1,211. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,101 a month is affordable, by HUD's 30% rule, on an income of roughly $44,040 a year. Put another way, $21 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$991 | Voucher pays at 100%$1,101 | Voucher pays at 110%$1,211 |
|---|---|---|---|---|
| $2,500 | $750 | $241 | $351 | $461 |
| $4,000 | $1,200 | $0 | $0 | $11 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($1,077) to FY 2027 ($1,101). Since FY 2020 it's up 38% in total, about 4.7% a year. The Missouri median moved up 8% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $555 | $610 | $797 | $1,064 | $1,142 | — |
| FY 2021 | $539 | $620 | $817 | $1,096 | $1,169 | +2.5% |
| FY 2022 | $547 | $626 | $824 | $1,088 | $1,171 | +0.9% |
| FY 2023 | $598 | $680 | $895 | $1,161 | $1,255 | +8.6% |
| FY 2024 | $653 | $734 | $964 | $1,223 | $1,331 | +7.7% |
| FY 2025 | $710 | $789 | $1,035 | $1,315 | $1,472 | +7.4% |
| FY 2026 | $774 | $832 | $1,077 | $1,363 | $1,566 | +4.1% |
| FY 2027In effect | $850 | $857 | $1,101 | $1,406 | $1,629 | +2.2% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Buchanan, that runs from $850 for a studio up to $1,629 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Buchanan in with 3 other counties in the St. Joseph metro, Andrew County, DeKalb County, Doniphan County among them, and every one of them gets $1,101 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Missouri's 116 counties, Buchanan ranks 26th for two-bedroom FMR. That's about 14% above the state median of $962 and about 4% above the national median county at $1,063. About 83,568 people live here, 14th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,030 in 64440 (De Kalb) and $1,200 in 64505 (Saint Joseph), with the 12 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 64401 | Agency | $1,060 | -3.7% |
| 64440 | De Kalb | $1,030 | -6.4% |
| 64443 | Easton | $1,080 | -1.9% |
| 64448 | Faucett | $1,070 | -2.8% |
| 64484 | Rushville | $1,050 | -4.6% |
| 64501 | Saint Joseph | $1,080 | -1.9% |
| 64502 | Saint Joseph | $1,100 | -0.1% |
| 64503 | Saint Joseph | $1,150 | +4.5% |
| 64504 | Saint Joseph | $1,130 | +2.6% |
| 64505 | Saint Joseph | $1,200 | +9.0% |
| 64507 | Saint Joseph | $1,110 | +0.8% |
| 64508 | Saint Joseph | $1,100 | -0.1% |
Counties sharing the St. Joseph metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,101 two-bedroom figure as Buchanan.
Nearby counties
Two-bedroom FMR, with how each compares to Buchanan.
Andrew County
18 mi · 18,065 people
$1,101
same rate
Clinton County
24 mi · 21,414 people
$1,546
+40%
DeKalb County
24 mi · 10,876 people
$1,101
same rate
Platte County
26 mi · 110,371 people
$1,546
+40%
Holt County
33 mi · 4,240 people
$962
-13%
Clay County
36 mi · 258,122 people
$1,546
+40%
Gentry County
41 mi · 6,245 people
$962
-13%
Nodaway County
45 mi · 20,774 people
$991
-10%
Questions people ask
$1,101 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $850 for a studio, $857 for one bedroom, $1,406 for three and $1,629 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Buchanan actually go for?
HUD's number is one input. Search any address in Buchanan for a rent estimate built from nearby comps. Free to start, no card.
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