Missouri · FIPS 29129 · HUD FY 2027
Mercer County, Missouri Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Mercer County is $973 a month (rent plus utilities), 22% below the Missouri average of $1,250 and 45% below the U.S. average of $1,761. That is up $85 (9.6%) from FY 2026. At 30% of income, a household needs about $38,920 a year to afford it.
- $9732-bedroom FMR+$85 (+9.6%) vs FY 2026
- $7441-bedroom FMRMissouri: $1,035 · U.S.: $1,478
- $38,920Income for a 2-bedroom$19/hour full-time
- 53 of 1162BR rank in Missouri1 = highest rent
| Unit | Mercer County FY 2027 | FY 2026 | Change | Missouri avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $717 | $660 | +$57 (+8.6%) | $979 | $1,379 | $28,680 |
| 1 bedroom | $744 | $677 | +$67 (+9.9%) | $1,035 | $1,478 | $29,760 |
| 2 bedrooms | $973 | $888 | +$85 (+9.6%) | $1,250 | $1,761 | $38,920 |
| 3 bedrooms | $1,263 | $1,235 | +$28 (+2.3%) | $1,631 | $2,266 | $50,520 |
| 4 bedrooms | $1,460 | $1,320 | +$140 (+10.6%) | $1,895 | $2,607 | $58,400 |
How Mercer County compares
- Mercer County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Missouri, 2-bedroom FMRs run from $962 (Wright County) to $1,546 (Caldwell County).
- Studio to 4-bedroom: $717, $744, $973, $1,263, $1,460. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 3 ZIP codes mostly in Mercer County (by land area), the 2-bedroom figure ranges from $960 to $1,300.
Small Area FMRs by ZIP code in Mercer County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 64632 | $710 | $740 | $960 | $1,250 | $1,330 | −$50 (−5.0%) | 1% below |
| 64661 | $960 | $990 | $1,300 | $1,690 | $1,950 | +$360 (+38.3%) | 34% above |
| 64673 | $710 | $740 | $960 | $1,250 | $1,440 | +$70 (+7.9%) | 1% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.