Boone County, MO: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,0762-bedroom FMR, FY2027

$9591-bedroom FMR, FY2027

$93,05080% income limit, family of 4 (FY2026)

$119,200Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Boone County is $1,076 a month, down 7.2% from $1,160 in FY2026. Boone County belongs to the Columbia, MO HUD Metro FMR Area FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Boone County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$749	$800	−6.4%	$675 – $823
1 bedroom	$959	$1,011	−5.1%	$864 – $1,054
2 bedrooms	$1,076	$1,160	−7.2%	$969 – $1,183
3 bedrooms	$1,459	$1,573	−7.2%	$1,314 – $1,604
4 bedrooms	$1,676	$1,861	−9.9%	$1,509 – $1,843

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Boone County that is typically $969 to $1,183 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$42,254median income of renter households

$1,088Median gross rent, all units

31%Rent-to-income ratio (median rent ÷ median renter income)

49%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $42,254 can afford about $1,056 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,076 is $20 (1.9%) more than that. To rent a two-bedroom at the FMR, a household needs $43,040 a year under the 30% rule, or $38,736 under the common landlord rule that income must be three times the rent.

Boone County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,088 ±$21
Median income of renter households	$42,254 ±$2,098
Renters paying 30% or more of income (cost-burdened)	49.1% ±3.4
Renters paying 50% or more (severely cost-burdened)	25.9% ±2.6
Renter households (where the share can be computed)	30,698

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$876	$1,088	+24.2%
Median renter household income	$32,148	$42,254	+31.4%
Renters paying 30%+ of income	51.5%	49.1%	−2.4 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,050 to $1,200 depending on the ZIP code.

All 16 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
65010	$840	$1,070	$1,200	$1,630	$1,870
65039	$820	$910	$1,110	$1,480	$1,720
65201	$770	$980	$1,100	$1,490	$1,710
65202	$770	$990	$1,110	$1,510	$1,730
65203	$790	$1,010	$1,130	$1,530	$1,760
65205	$750	$960	$1,080	$1,460	$1,680
65211	$750	$960	$1,080	$1,460	$1,680
65215	$770	$980	$1,100	$1,490	$1,710
65216	$770	$980	$1,100	$1,490	$1,710
65240	$720	$910	$1,050	$1,420	$1,680
65243	$720	$910	$1,050	$1,420	$1,680
65255	$730	$940	$1,050	$1,420	$1,680
65256	$720	$910	$1,050	$1,420	$1,680
65279	$810	$1,010	$1,170	$1,550	$1,820
65284	$720	$910	$1,050	$1,420	$1,680
65299	$750	$960	$1,080	$1,460	$1,680

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Boone County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $119,200 (FY2025: $105,800, +12.7%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$24,450 +9.9%	$27,950 +10.0%	$31,450 +10.0%	$34,900 +8.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$40,750 +10.0%	$46,550 +9.9%	$52,350 +9.9%	$58,150 +9.9%	$62,850 +10.0%	$67,500 +9.9%	$72,150 +10.0%	$76,800 +9.9%
Low income (80%)	$65,150 +9.9%	$74,450 +9.9%	$83,750 +9.9%	$93,050 +9.9%	$100,500 +9.9%	$107,950 +9.9%	$115,400 +9.9%	$122,850 +9.9%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.