FY2026 Fair Market Rents — Phelps County
Studio
$730
1BR
$742
2BR
$933
3BR
$1,231
4BR
$1,235
Phelps County, Missouri
FIPS 29161 · County-level FMR and income limit data
FMR Area: Phelps County, MO
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $730 | $8,760 |
| 1-Bedroom | $742 | $8,904 |
| 2-Bedroom | $933 | $11,196 |
| 3-Bedroom | $1,231 | $14,772 |
| 4-Bedroom | $1,235 | $14,820 |
To afford the FY2026 2-bedroom FMR of $933/mo under the 30%-of-income rule, a household needs about
$37,320/yr ($3,110/mo). Area Median Income is $79,600.
At MO's state minimum wage of $13.75/hr, a worker would need to work 53 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $730 | $742 | $933 | $1,231 | $1,235 |
| FY2025 | $672 | $680 | $878 | $1,160 | $1,164 |
| FY2024 | $646 | $658 | $865 | $1,161 | $1,168 |
| FY2023 | $610 | $647 | $852 | $1,080 | $1,209 |
| FY2022 | $560 | $601 | $791 | $978 | $1,146 |
| FY2021 | $506 | $556 | $733 | $912 | $1,149 |
| FY2020 | $482 | $545 | $718 | $900 | $1,170 |
FY2026 Income Limits
Area Median Income: $79,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,750 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $27,900 | $31,850 | $35,850 | $39,800 | $43,000 | $46,200 |
| 80% AMI | $44,600 | $51,000 | $57,350 | $63,700 | $68,800 | $73,900 |