Location: Marion County, MO | Metro: Marion County, MO
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 | $750 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,340 | $311,277 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 63463 is situated in a suburban neighborhood characterized by a relatively small population of 711 residents. With only 12.7% of the population renting their homes, it is predominantly a homeownership-driven area, where the median income stands at $69,688. The median home value in this ZIP code is notably high at $289,203, reflecting the overall economic status and property appreciation in the region.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $890. This figure contrasts sharply with the actual market rent, which is reported at $1,023 according to the Census ACS. This indicates that landlords operating in ZIP 63463 can expect a premium over the government's benchmark for rental rates, suggesting a robust demand for housing that exceeds the supply covered under Section 8 programs.
Given these economic conditions, ZIP 63463 would be better suited for a hands-on value-add buyer rather than a hands-off voucher operator. The significant gap between FMR and market rent implies that landlords who wish to participate in the Section 8 program might struggle to cover their costs without additional efforts to manage properties effectively. A hands-on approach allows for better control over property maintenance, tenant selection, and operational efficiency, which are crucial in a market where the government's subsidy rates do not fully align with the local rental prices. For those willing to engage actively, there is potential to capitalize on the strong rental market while providing affordable housing options.
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.