Location: Sullivan County, MO | Metro: Adair County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
ZIP code 63544, located within the Sullivan County, MO metro area, presents an interesting case when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 63544 stands at $970 for fiscal year 2026, which is notably higher than the market rent figure of $664. This discrepancy suggests that there might be a segment of the population in 63544 benefiting from subsidized housing through programs such as Section 8.
The median home value in ZIP 63544 is $225,409, which is relatively standard for the region. However, the renter share of 15.4% is a key indicator. Typically, ZIP codes with a high proportion of renters and lower-than-average home values are attractive for Section 8 landlords due to the guaranteed income from the program. In ZIP 63544, despite the renter share being on the higher side, the home values are still above average for the county, indicating that it's not necessarily a value pocket but rather a mid-tier neighborhood.
The combination of a higher FMR and a significant renter share points towards 63544 being a desirable location for landlords participating in the Section 8 program. The guaranteed rental income can offset the slightly higher home values, making it a balanced option within the Sullivan County, MO metro area. Landlords should consider the potential for stable long-term tenants through the Section 8 program, given the above-average FMR and the notable renter share.
To further contextualize ZIP 63544 within the broader Sullivan County, MO metro, it would be beneficial to compare its specific metrics against those of other ZIP codes in the county. This analysis could reveal if 63544 is indeed a sweet spot for Section 8 investment, characterized by a balance between affordable rents and reasonable home values.
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.