Location: Scotland County, MO | Metro: Clark County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
30.8% of residents in ZIP code 63543 are renters, indicating a significant portion of the population relies on rental housing. In this context, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070, which provides a benchmark for rental properties in the area. However, the actual market rent, as reported by the Census ACS, stands at $527, suggesting that there is potential for landlords to increase rents closer to the FMR without losing tenants. The median income of $57,292 offers insight into the financial capacity of the local population, though it does not directly correlate to the ability to afford higher rents without assistance. Given the lack of data on median home values, days on market (DOM), and the percentage of price-cut share, it's challenging to assess the broader real estate market dynamics. Nevertheless, focusing on rental properties, the gap between the FMR and the current market rent presents an opportunity for landlords to adjust their pricing strategies. For small-portfolio investors, the presence of Section 8 can be a stabilizing factor in cash flow, ensuring consistent rental income even when market conditions fluctuate. With these figures in mind, the verdict on Section 8 participation for ZIP 63543 is positive, especially for those looking to secure long-term, stable tenancy.
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.