Howard County, MO

2024 Fair Market Rents

Tags: 2024 Howard County, MO HUD Metro FMR Area

Return to the state page to see where Missouri ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Howard County are Fayette, New Franklin, Higbee, and Armstrong. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Howard County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Howard County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Howard County compare?

Howard County ($862) has a 2.5% lower FMR for 2-Bedroom housing than the average of Missouri ($884) and therefore has a lower gross rent.

Howard County is rank 44th out of 115 counties. This means the FMRs, or in other words, the gross rent is higher than 71 other counties. Howard County is the 44th most expensive county in terms of FMRs.

Rent Tables Howard County, MO

Fair Market Rent (40th Percentile)

$584
studio
$656
1-Bedroom
$862
2-Bedroom
$1,042
3-Bedroom
$1,348
4-Bedroom

Median Rent (50th Percentile)

$613
studio
$688
1-Bedroom
$904
2-Bedroom
$1,093
3-Bedroom
$1,414
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
65230 $0 $610 $800 $960 $1,250
65248 $0 $730 $960 $1,160 $1,500
65250 $0 $660 $870 $1,070 $1,410
65257 $0 $770 $1,010 $1,220 $1,580
65274 $0 $610 $800 $960 $1,250
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
65230 $486 $549 $720 $864 $1,125
65248 $585 $657 $864 $1,044 $1,350
65250 $531 $594 $783 $963 $1,269
65257 $612 $693 $909 $1,098 $1,422
65274 $486 $549 $720 $864 $1,125
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
65230 $594 $671 $880 $1,056 $1,375
65248 $715 $803 $1,056 $1,276 $1,650
65250 $649 $726 $957 $1,177 $1,551
65257 $748 $847 $1,111 $1,342 $1,738
65274 $594 $671 $880 $1,056 $1,375

Fair Market Rents on this page apply to the following cities in Howard County, Missouri: Fayette, New Franklin, Higbee, Armstrong, and Franklin.

These Fair Market Rents also apply to the following ZIP codes in Howard County, Missouri: 65248, 65274, 65257, 65230, and 65250.

Howard County, MO is considered part of the following metro FMR area: HOWARD COUNTY, MO HUD METRO FMR AREA.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.