Section 8 Fair Market Rent (FMR) for ZIP 62611 - 2027

Investment Score for ZIP 62611

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Arenzville, located in ZIP 62611, presents several challenges for potential landlords and small-portfolio investors. Let's address the most common objections with the available data.

• Will FMR $1,010 (metro FY 2026) cover the mortgage on a $165,130 home? According to recent data, the median home value in ZIP 62611 is below the national average. However, the Fair Market Rent (FMR) of $1,010 might not sufficiently cover the mortgage payment on a $165,130 home, especially considering property taxes and maintenance costs. To ensure profitability, investors should calculate their total expenses and compare them against the projected rental income.
• Is there enough renter demand at 11.9%? The renter occupancy rate of 11.9% indicates a relatively low demand for rental properties in ZIP 62611. This suggests that finding tenants could be more challenging compared to areas with higher renter occupancy rates. Investors should consider the local job market and population trends to assess future demand. While the current rate is low, it does not necessarily predict long-term stability or growth.
• Will vouchers keep pace with $900 market rents? With market rents averaging around $900, vouchers may not fully cover the cost, particularly if they remain stagnant while market rents rise. Vouchers typically lag behind market rates, so relying solely on voucher recipients could limit rental income. However, ZIP 62611 is part of a larger metro area where FMR is set at $1,010, which might offer some flexibility in rental pricing strategies.

The data provides insights into the challenges faced by investors in ZIP 62611, but it does not fully address all concerns. For instance, there is limited information on the specific mortgage rates and terms applicable to this area, which would be crucial in determining whether the FMR can cover the mortgage payments. Additionally, the job market and population trends would need further investigation to understand the potential for increased renter demand in the future.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.