Location: Schuyler County, MO | Metro: Schuyler County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 63541 in metro FY 2026 is set at $1,050. This figure represents the payment standard for Section 8 rentals, which is the amount that the Housing Choice Voucher program will pay towards the rent. It's important to note that this is not the total rent you can charge your tenant; it's the maximum subsidy amount.
While the local median rent for ZIP 63541 is currently listed as N/A, the 10.8% renter share indicates a moderate level of demand for rental properties in this area. This percentage reflects the portion of the population renting versus owning homes, suggesting there is a stable but not overwhelming need for rental units.
The FMR of $1,050 is a key benchmark when setting the rent for your property. Landlords should ensure that their asking rent does not exceed this amount to remain eligible for the voucher program. However, this doesn't mean you have to accept $1,050 as the full rent. You can negotiate a higher rent with the tenant, but the voucher will only cover up to $1,050, and the tenant must make up the difference.
When acquiring a new property, consider the N/A price point as a guide for investment costs. Although the exact figure is not available, understanding the local market dynamics through the renter share can help you gauge whether the potential returns on a Section 8 rental are worth the investment.
To finalize your decision, verify that the property meets all the required standards for Section 8 eligibility. This includes passing a housing quality inspection and ensuring the rent is reasonable compared to similar units in the area. Once these criteria are met, you can confidently proceed with offering your rental unit under the Section 8 program.
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.