Location: Scotland 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 | $780 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,360 | $231,034 | 0.59% | F |
U.S. Census Bureau data (2024)
15.1% of residents in ZIP code 63546 are renters, indicating a moderate demand for rental properties in the area. Given the $448 market rent as reported by the Census ACS, landlords can expect to charge close to this average for their units. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,090, which provides a benchmark for pricing Section 8 eligible units. This suggests that landlords participating in the Section 8 program could potentially receive higher rents compared to the local market average.
$72,404 is the median income for ZIP 63546, which is below the FMR threshold, supporting the presence of a significant number of households eligible for the Section 8 program. The median home value stands at $265,169, reflecting a stable housing market where investment in rental properties can be a strategic move for small-portfolio investors looking to diversify their assets.
Despite the lack of specific data on days on market (DOM) and the percentage of homes experiencing price cuts, the relatively low market rent and high FMR indicate that there might be an opportunity for landlords to enter the Section 8 market without facing excessive competition. The disparity between the market rent and the FMR also suggests that landlords could see a positive cash flow when renting to Section 8 participants.
In summary, ZIP 63546 offers a balanced environment for landlords interested in the Section 8 program. With a 15.1% renter share and a median income of $72,404, there is a substantial pool of potential tenants. The $1,090 FMR for the metro area provides a clear advantage over the local market rent of $448, making Section 8 participation a financially viable option. The median home value of $265,169 further supports a stable real estate market. Based on these figures, landlords should consider participating in the Section 8 program as it presents a solid investment opportunity.
Verdict: Section 8 participation in ZIP 63546 is recommended for landlords seeking stable, above-market rental income.
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.