Location: Marion County, MO | Metro: Lewis 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 | $780 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,420 | $304,170 | 0.47% | F |
U.S. Census Bureau data (2024)
The Section 8 thesis in ZIP 63471 focuses on the discrepancy between the Fair Market Rent (FMR) set by HUD at $1,030 for fiscal year 2026 and the current market rent which is not available. This gap is significant because it directly impacts the viability of renting to voucher tenants.
In ZIP 63471, where only 10.7% of residents are renters and the median home value stands at $294,745, landlords must carefully consider the financial implications of accepting Section 8 vouchers. The median income of $103,182 suggests that many households can afford market-rate rents, further emphasizing the importance of understanding the local rental dynamics.
The absence of current market rent data makes it challenging to quantify the exact gap in dollars and percentage. However, given the FMR of $1,030, landlords should be aware that renting to voucher holders could mean receiving less than the market rate, potentially reducing their overall yield.
To provide a comprehensive analysis, specific market rent figures for ZIP 63471 are required. Until then, landlords should proceed with caution, considering the potential impact on their investment returns when deciding to participate in the Section 8 program.
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.