FMR Lookup › Missouri › Cape Girardeau
Section 8 Fair Market Rent in Cape Girardeau, MO-IL (FY2027)
HUD's official FY2027 Fair Market Rents for the Cape Girardeau, MO-IL MSA, by bedroom count. These figures set the baseline for what the Housing Choice Voucher program pays landlords in this area.
| Unit size | FY2027 FMR | Payment standard range (90–110%) |
|---|---|---|
| Studio / efficiency | $757 | $681 – $833 |
| 1 bedroom | $833 | $750 – $916 |
| 2 bedrooms | $1,012 | $911 – $1,113 |
| 3 bedrooms | $1,401 | $1,261 – $1,541 |
| 4 bedrooms | $1,692 | $1,523 – $1,861 |
Source: HUD User — FY 2027 Fair Market Rents. FY2027 FMRs are effective October 1, 2026. FY2027 FMRs take effect October 1, 2026; until that date, the prior FY2026 schedule remains in effect. Retrieved 2026-09-07.
How this market compares
The 2-bedroom FMR here is $1,012 — 5% above the Missouri median of $962 across all 95 FMR areas in the state.
Counties and towns covered
The Cape Girardeau, MO-IL FMR area is a metro area covering: Alexander County, Bollinger County, Cape Girardeau County. One FMR applies across the whole area — HUD does not publish separate figures per city or ZIP here (some large metros have Small Area FMRs by ZIP; check with the local housing authority).
What a landlord actually collects
FMR is the baseline, not the contract rent. The local housing authority sets a payment standard between 90% and 110% of FMR (the range in the table above), and your unit must pass a rent-reasonableness comparison against similar unassisted rentals nearby. The voucher then covers the gap between the tenant's share (roughly 30% of their income) and the approved rent.
Run the numbers for a deal in Cape Girardeau: Section 8 vs market rent, DSCR, or cash-on-cash return.
Comparable Missouri markets by 2BR FMR
| FMR area | 1 BR | 2 BR | 3 BR |
|---|---|---|---|
| Macon County | $778 | $1,018 | $1,223 |
| Benton County | $767 | $1,003 | $1,318 |
| Worth County | $767 | $1,003 | $1,302 |
| Pike County | $784 | $1,025 | $1,221 |
| Dent County | $763 | $998 | $1,189 |
| Laclede County | $763 | $998 | $1,323 |
Informational only — not financial, legal, or lending advice. Confirm current payment standards with the housing authority serving Cape Girardeau.