HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in New Madrid County, Missouri (FY 2026)
A two-bedroom in New Madrid County carries a FY 2026 Fair Market Rent of $890 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in New Madrid keys off that figure.
2 bedroom FMR
$890
FY 2026, utilities included
Payment standard range
$801 to $979
90% to 110% of FMR
Income to afford 2BR
$35,600
per year, at 30% of income
Rank in Missouri
57th of 116
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in New Madrid moves to $962. That's up 8%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in New Madrid actually rent for?
Search any address in New Madrid for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $661 | $595 to $727 | $26,440 | $12.71/hr | +5.1% |
| 1 bedroom | $678 | $610 to $746 | $27,120 | $13.04/hr | +5.4% |
| 2 bedroom | $890 | $801 to $979 | $35,600 | $17.12/hr | +5.6% |
| 3 bedroom | $1,067 | $960 to $1,174 | $42,680 | $20.52/hr | +4.9% |
| 4 bedroom | $1,178 | $1,060 to $1,296 | $47,120 | $22.65/hr | +5.4% |
5 to 8 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 | $1,355 | $1,220 to $1,491 |
| 6 bedroom Estimate | $1,531 | $1,378 to $1,684 |
| 7 bedroom Estimate | $1,708 | $1,537 to $1,879 |
| 8 bedroom Estimate | $1,885 | $1,697 to $2,074 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In New Madrid, that runs from $661 for a studio up to $1,178 for four bedrooms, all five rates in the table above.
Because New Madrid sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Canalou included.
Among Missouri's 116 counties, New Madrid ranks 57th for two-bedroom FMR. That's within a couple percent of the state median of $888 and about 13% below the national median county at $1,018. About 16,341 people live here, 64th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $890 in 63833 (Catron) and $940 in 63869 (New Madrid), with the 13 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.
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 New Madrid somewhere between $801 and $979. 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.
$890 a month is affordable, by HUD's 30% rule, on an income of roughly $35,600 a year. Put another way, $17 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($801) | HAP at 100% ($890) | HAP at 110% ($979) |
|---|---|---|---|---|
| $2,500 | $750 | $51 | $140 | $229 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 6% from FY 2025 ($843) to FY 2026 ($890). Since FY 2020 it's up 40% in total, about 5.8% a year. The Missouri median moved up 8% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $426 | $481 | $634 | $790 | $866 | — |
| FY 2021 | $457 | $502 | $662 | $823 | $904 | +4.4% |
| FY 2022 | $494 | $526 | $692 | $855 | $938 | +4.5% |
| FY 2023 | $561 | $579 | $762 | $929 | $1,024 | +10.1% |
| FY 2024 | $629 | $635 | $834 | $1,008 | $1,111 | +9.4% |
| FY 2025 | $629 | $643 | $843 | $1,017 | $1,118 | +1.1% |
| FY 2026 | $661 | $678 | $890 | $1,067 | $1,178 | +5.6% |
| FY 2027 | $709 | $735 | $962 | $1,176 | $1,264 | +8.1% |
Nearby counties
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Butler County
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Questions people ask
$890 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $661 for a studio, $678 for one bedroom, $1,067 for three and $1,178 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in New Madrid actually go for?
HUD's number is one input. Search any address in New Madrid for a rent estimate built from nearby comps. 3 free searches, no card.
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