Callaway 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).

$1,1232-bedroom FMR, FY2027

$8581-bedroom FMR, FY2027

$75,50080% income limit, family of 4 (FY2026)

$94,400Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Callaway County is $1,123 a month, up 7.8% from $1,042 in FY2026. Callaway County belongs to the Callaway County, 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 Callaway County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$853	$789	+8.1%	$768 – $938
1 bedroom	$858	$794	+8.1%	$773 – $943
2 bedrooms	$1,123	$1,042	+7.8%	$1,011 – $1,235
3 bedrooms	$1,338	$1,249	+7.1%	$1,205 – $1,471
4 bedrooms	$1,570	$1,472	+6.7%	$1,413 – $1,727

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 Callaway County that is typically $1,011 to $1,235 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?

$44,888median income of renter households

$887Median gross rent, all units

24%Rent-to-income ratio (median rent ÷ median renter income)

37%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $44,888 can afford about $1,122 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,123 is $1 (0.1%) more than that. To rent a two-bedroom at the FMR, a household needs $44,920 a year under the 30% rule, or $40,428 under the common landlord rule that income must be three times the rent.

Callaway County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$887 ±$44
Median income of renter households	$44,888 ±$5,297
Renters paying 30% or more of income (cost-burdened)	37.3% ±7.9
Renters paying 50% or more (severely cost-burdened)	23.0% ±6.6
Renter households (where the share can be computed)	3,717

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$708	$887	+25.3%
Median renter household income	$31,497	$44,888	+42.5%
Renters paying 30%+ of income	45.2%	37.3%	−7.9 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 $960 to $1,220 depending on the ZIP code.

All 20 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
63361	$730	$740	$960	$1,310	$1,400
63384	$730	$740	$960	$1,320	$1,420
63388	$760	$770	$1,000	$1,270	$1,430
65039	$820	$910	$1,110	$1,480	$1,720
65043	$930	$930	$1,220	$1,450	$1,710
65059	$880	$890	$1,160	$1,380	$1,620
65063	$800	$800	$1,050	$1,250	$1,470
65067	$810	$810	$1,070	$1,330	$1,540
65069	$750	$770	$1,000	$1,380	$1,440
65077	$860	$860	$1,130	$1,340	$1,580
65080	$840	$850	$1,110	$1,360	$1,600
65101	$730	$740	$960	$1,330	$1,550
65201	$770	$980	$1,100	$1,490	$1,710
65202	$770	$990	$1,110	$1,510	$1,730
65231	$730	$740	$960	$1,150	$1,350
65240	$720	$910	$1,050	$1,420	$1,680
65251	$840	$840	$1,100	$1,310	$1,540
65262	$790	$800	$1,040	$1,250	$1,470
65264	$730	$750	$960	$1,260	$1,410
65265	$720	$780	$960	$1,280	$1,500

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

HUD income limits for Callaway County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $94,400 (FY2025: $93,600, +0.9%). 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%)	$19,850 +0.8%	$22,650 +0.7%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$33,050 +0.8%	$37,800 +0.9%	$42,500 +0.8%	$47,200 +0.9%	$51,000 +0.9%	$54,800 +0.9%	$58,550 +0.9%	$62,350 +0.9%
Low income (80%)	$52,850 +0.8%	$60,400 +0.8%	$67,950 +0.7%	$75,500 +0.8%	$81,550 +0.8%	$87,600 +0.8%	$93,650 +0.8%	$99,700 +0.8%

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.