Location: Gasconade County, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $203,911 | 0.56% | F |
| 3BR | $1,480 | $279,032 | 0.53% | F |
| 4BR | $1,700 | $304,535 | 0.56% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP 63068, located in the New Haven, MO, Gasconade County, MO metro area, reveals several key points for potential landlords and small-portfolio investors.
The rent math works favorably. The Fair Market Rent (FMR) for ZIP 63068 in fiscal year 2024 is set at $950. This figure closely aligns with the market rent reported by the Census American Community Survey (ACS), which stands at $944. This indicates that the rental income can be expected to meet the fair market standards, ensuring a steady stream of revenue for property owners.
Acquisition remains affordable in this region. The median home value is $257,535. While the average days on market (DOM) and the percentage of homes requiring price cuts are not available, the median home value suggests that purchasing properties here is within reach for many investors without necessitating excessive capital outlay. This makes ZIP 63068 an attractive option for those looking to enter the real estate market or expand their portfolio.
Tenant demand is present but moderate. With a total population of 6,202, the renter share is 14.0%. This means that approximately 868 individuals are likely seeking rental housing. Although the demand is not overwhelming, it is sufficient to support a modest number of rental units without significant vacancy concerns.
Verdict: ZIP 63068 presents a balanced opportunity for real estate investment. The rent math is favorable, aligning market rents with the FMR. Acquisition costs are reasonable, allowing for manageable entry-level investments. Tenant demand, while not high, is stable enough to ensure occupancy. Investors should proceed with confidence, understanding that the market is neither highly competitive nor lacking in potential tenants.
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.