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 | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $328,519 | 0.4% | F |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 63091 in Gasconade County, Missouri, reveals a favorable environment for investors seeking stable returns. The Fair Market Rent (FMR) set by HUD for this area in fiscal year 2024 is $900, significantly higher than the average market rent reported by the Census Bureau's American Community Survey, which stands at $752. This means that voucher tenants will cashflow positively at the HUD FMR, allowing landlords to benefit from the difference between the two rates.
To derive the rent-to-price ratio, we use the median home value of $268,785. Dividing the HUD FMR by the median home value yields a ratio of approximately 0.33%, indicating that rental income represents a small fraction of the property's total value. However, this low ratio is typical for areas with lower population density and should be considered alongside other investment metrics.
The dynamics of the local housing market suggest that the cost of buying does not significantly impact the decision to rent. The median Days on Market (DOM) is not applicable (N/A), nor is the percentage of properties that required a price cut (N/A%). These figures imply that there is little pressure on sellers to reduce prices, supporting the notion of a stable housing market.
The strongest investor angle in ZIP 63091 is cashflow. Given the disparity between HUD FMR and market rents, landlords can expect to see positive cash flow from voucher tenants, making this an attractive option for those looking to generate steady income from their investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.