Location: Scotland County, MO | Metro: Scotland County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
The ZIP code 63442, located in Scotland County, Missouri, presents a unique set of characteristics that distinguish it from other areas. With limited data available—such as the number of residents, rental percentages, median income, and median home values—the economic landscape of this area requires a closer look at its voucher economics.
The Fair Market Rent (FMR) for the metro area, which includes ZIP 63442, is set at $890 for fiscal year 2026. This figure is crucial for understanding the housing assistance dynamics within the region. While the exact market rent for ZIP 63442 is not specified, the FMR provides a benchmark for evaluating housing affordability. Landlords and small-portfolio investors should consider this FMR when setting their rental prices, as it reflects the government's assessment of what constitutes a fair rent for the area.
The voucher economics in ZIP 63442 can be particularly attractive for property owners. The Section 8 program aims to ensure that low-income families have access to safe and affordable housing. By accepting vouchers, landlords can secure tenants who are financially supported by the government, reducing the risk of unpaid rent. However, the success of this strategy depends on aligning market rents with the FMR of $890. If market rents exceed this amount significantly, it may limit the pool of eligible tenants.
Based on the data signature, ZIP 63442 appears to be stable. Despite the lack of detailed demographic data, the presence of a defined FMR indicates a structured approach to housing assistance. Stability is further suggested by the consistency of the FMR over time, providing a reliable basis for investment decisions. Landlords and investors should continue to monitor local market conditions and any changes in the FMR to make informed choices about their properties in this ZIP code.
Data Sources: FMR data from HUD (2027).
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.