Location: Adair County, MO | Metro: Adair 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 | $740 |
| 1 Bedroom | $800 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $800 | $86,427 | 0.93% | C |
| 2BR | $960 | $111,175 | 0.86% | C |
| 3BR | $1,330 | $184,685 | 0.72% | D |
| 4BR | $1,610 | $257,653 | 0.62% | D |
| 5BR | $1,868 | $331,689 | 0.56% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 63501, which includes Kirksville, Missouri, is set at $890 for the metro area fiscal year 2026. This figure represents the payment standard that the federal government uses to determine how much it will reimburse landlords who participate in the Section 8 Housing Choice Voucher program. It is important to note that this is not the amount you can charge as rent; rather, it is the maximum amount the government will pay towards a tenant's rent.
In comparison, the local Zillow Observed Rent Index (ZORI) for the same area is $806. This indicates that the average rent for similar properties is lower than the FMR, meaning that landlords participating in Section 8 can expect the government reimbursement to be higher than the typical market rate. However, the actual rent you can charge is subject to negotiation but cannot exceed the FMR.
The 44.1% renter share in this area suggests a strong demand for rentals, making Section 8 participation a viable option for landlords. With a significant portion of the population租房，这表明对出租房屋有强烈的需求，因此参与Section 8计划对于房东来说是一个可行的选择。在这个地区，大约44.1%的人口是租户，这意味着有许多潜在的租户可能符合Section 8补助金的条件。
如果您考虑在63501邮政编码区购买房产作为首次Section 8出租物业，您需要了解该地区的房产收购成本。根据数据，该地区的房产收购成本为$175,674。这意味着您可以在该预算范围内寻找合适的房产。
在决定是否加入Section 8计划之前，您需要验证的一个关键事项是：确保您所选择的房产符合联邦住房管理局（FHA）设定的安全和健康标准。这些标准包括但不限于房屋的结构完整性、电气系统、管道系统以及是否有任何危害健康的隐患，如铅基油漆或霉菌问题。
总的来说，参与Section 8计划可以为您提供稳定的租金收入来源，特别是在需求高的地区。但是，请务必在投入资金前确认您的房产满足所有必要的安全和质量要求。
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.