Location: Schuyler County, MO | Metro: Schuyler County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 63535 are governed by the SAFMR (Small Area Fair Market Rent) which sets the maximum rental assistance payment at $990 per month for a two-bedroom unit in fiscal year 2026. This figure is specific to this ZIP code, reflecting localized housing costs rather than a broader metro or county average.
Local market rents for a two-bedroom unit in ZIP 63535 are currently unavailable, making it difficult to compare the SAFMR directly to market rates. However, the SAFMR serves as a benchmark for what landlords can expect from the program.
When a tenant uses a Section 8 voucher, they contribute a portion of their income towards the rent. Typically, this contribution is 30% of their adjusted monthly income. For example, if a tenant's adjusted monthly income is $1,000, they would pay $300 toward the rent. The remaining amount, up to the SAFMR of $990, is covered by the government. In this scenario, the government would reimburse the landlord $690 ($990 - $300).
Utility allowances are also factored into the overall compensation structure but are separate from the rent reimbursement. These allowances vary based on the size of the unit and the region. For a two-bedroom unit, the allowance might cover a portion of the tenant’s utilities, ensuring they do not spend more than 15% of their income on utilities. If the tenant’s utility expenses exceed the allowance, they must pay the difference out-of-pocket.
Given the SAFMR of $990 for a two-bedroom unit in ZIP 63535, landlords should anticipate receiving this amount minus the tenant’s contribution and any additional utility allowances. If the market rent for a similar property exceeds $990, landlords will face a reimbursement gap. Conversely, if the market rent is below $990, landlords may see a surplus.
To illustrate, assume the market rent for a two-bedroom unit in ZIP 63535 is $1,200. With a tenant contributing $300, the government would cover $990, leaving a reimbursement gap of $10 for the landlord. This gap must be absorbed by the landlord unless the tenant agrees to pay the additional amount.
In summary, landlords in ZIP 63535 should expect a Section 8 reimbursement of $990 for a two-bedroom unit, with the actual amount paid to them being influenced by the tenant’s income and utility expenses. The reimbursement gap or surplus depends on the comparison between the SAFMR and the local market rent, which is currently unknown for ZIP 63535.
Data Sources: FMR data from HUD (2027). 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.