HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Cape Girardeau County, Missouri (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Cape Girardeau County is $1,012 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,012
+2.0% from FY 2026
Payment standard
$911–$1,113
90% to 110% of the FMR, two-bedroom
Income to afford
$40,480
a year, with rent at 30% of income
Rank in Missouri
41st 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 | $757 | $681–$833 | $30,280 | $14.56/hr | -0.8% |
| 1 bedroom | $833 | $750–$916 | $33,320 | $16.02/hr | +3.2% |
| 2 bedroom | $1,012 | $911–$1,113 | $40,480 | $19.46/hr | +2.0% |
| 3 bedroom | $1,401 | $1,261–$1,541 | $56,040 | $26.94/hr | +1.5% |
| 4 bedroom | $1,692 | $1,523–$1,861 | $67,680 | $32.54/hr | +1.7% |
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 | $1,946 | $1,751–$2,141 |
| 6 bedroom Estimate | $2,200 | $1,980–$2,420 |
| 7 bedroom Estimate | $2,453 | $2,208–$2,698 |
| 8 bedroom Estimate | $2,707 | $2,436–$2,978 |
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 Cape Girardeau actually rent for?
Search any address in Cape Girardeau 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 Cape Girardeau somewhere between $911 and $1,113. 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.
$1,012 a month is affordable, by HUD's 30% rule, on an income of roughly $40,480 a year. Put another way, $19 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%$911 | Voucher pays at 100%$1,012 | Voucher pays at 110%$1,113 |
|---|---|---|---|---|
| $2,500 | $750 | $161 | $262 | $363 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($992) to FY 2027 ($1,012). Since FY 2020 it's up 31% in total, about 3.9% 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 | $542 | $587 | $773 | $1,115 | $1,188 | — |
| FY 2021 | $537 | $612 | $807 | $1,155 | $1,216 | +4.4% |
| FY 2022 | $536 | $622 | $807 | $1,146 | $1,248 | 0.0% |
| FY 2023 | $597 | $680 | $871 | $1,238 | $1,372 | +7.9% |
| FY 2024 | $685 | $742 | $933 | $1,315 | $1,540 | +7.1% |
| FY 2025 | $747 | $794 | $985 | $1,380 | $1,654 | +5.6% |
| FY 2026 | $763 | $807 | $992 | $1,380 | $1,664 | +0.7% |
| FY 2027In effect | $757 | $833 | $1,012 | $1,401 | $1,692 | +2.0% |
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 Cape Girardeau, that runs from $757 for a studio up to $1,692 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 Cape Girardeau in with 2 other counties in the Cape Girardeau metro, Bollinger County, Alexander County among them, and every one of them gets $1,012 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, Cape Girardeau ranks 41st for two-bedroom FMR. That's about 5% above the state median of $962 and about 5% below the national median county at $1,063. About 82,735 people live here, 15th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $960 in 63769 (Oak Ridge) and $1,140 in 63755 (Jackson), with the 15 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 |
|---|---|---|---|
| 63701 | Cape Girardeau | $1,050 | +3.8% |
| 63702 | Cape Girardeau | $1,020 | +0.8% |
| 63703 | Cape Girardeau | $1,010 | -0.2% |
| 63739 | Burfordville | $1,080 | +6.7% |
| 63743 | Daisy | $1,030 | +1.8% |
| 63744 | Delta | $1,050 | +3.8% |
| 63745 | Dutchtown | $1,050 | +3.8% |
| 63747 | Friedheim | $1,030 | +1.8% |
| 63752 | Gordonville | $1,020 | +0.8% |
| 63755 | Jackson | $1,140 | +12.6% |
| 63766 | Millersville | $1,070 | +5.7% |
| 63769 | Oak Ridge | $960 | -5.1% |
| 63770 | Old Appleton | $980 | -3.2% |
| 63779 | Pocahontas | $1,020 | +0.8% |
| 63785 | Whitewater | $1,040 | +2.8% |
Counties sharing the Cape Girardeau metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,012 two-bedroom figure as Cape Girardeau.
Nearby counties
Two-bedroom FMR, with how each compares to Cape Girardeau.
Bollinger County
19 mi · 10,559 people
$1,012
same rate
Perry County
19 mi · 18,976 people
$1,045
+3%
Scott County
22 mi · 37,933 people
$1,027
+1%
Madison County
31 mi · 12,729 people
$1,063
+5%
Stoddard County
37 mi · 28,470 people
$962
-5%
Mississippi County
43 mi · 11,902 people
$962
-5%
Ste. Genevieve County
43 mi · 18,571 people
$974
-4%
Wayne County
45 mi · 10,862 people
$962
-5%
Questions people ask
$1,012 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $757 for a studio, $833 for one bedroom, $1,401 for three and $1,692 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 Cape Girardeau actually go for?
HUD's number is one input. Search any address in Cape Girardeau for a rent estimate built from nearby comps. Free to start, no card.
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