Section 8 Fair Market Rent (FMR) for ZIP 63549 - 2027

Location: Macon County, MO | Metro: Adair County, MO

Investment Score for ZIP 63549

Monthly Rent (2BR)

$980

Median Price (2BR)

$125,509

1% Rule

0.78%

Annual Yield

9.37%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$760
2 Bedrooms	$980
3 Bedrooms	$1,200
4 Bedrooms	$1,460
5 Bedrooms	$1,694
6 Bedrooms	$1,897
7 Bedrooms	$2,049
8 Bedrooms	$2,151

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$980	$125,509	0.78%	D
3BR	$1,200	$210,409	0.57%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,344

Median Household Income

$59,881

Housing Units

1,070

Renter Percentage

27.2%

Occupancy Rate

82.4%

Renter Occupied

240

The ZIP code 63549, located in Missouri, offers a stable environment for real estate investments, particularly in the context of Section 8 housing. This area is characterized by a mix of homeowners and renters, with a significant portion of the population relying on rental properties.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, providing a benchmark for rental pricing that aligns with government standards.
The average market rent as reported by the Census ACS is $347, indicating a substantial gap between the FMR and current market rates, which can be advantageous for landlords participating in the Section 8 program.
The median home value in ZIP 63549 is $186,051, reflecting a modest property investment cost relative to other areas in the state.
Renters make up 27.2% of the population, suggesting a notable demand for rental properties and a potential steady stream of tenants for Section 8 units.
The median income for residents is $59,881, which supports the ability of families to meet their basic needs while participating in the Section 8 program.

Investors in ZIP 63549 should recognize the opportunity to leverage the discrepancy between the FMR and the current market rent, ensuring profitability in Section 8 rentals. The relatively low median home value provides a good entry point for purchasing properties, while the significant renter share indicates strong demand. With the median income supporting tenant eligibility for the Section 8 program, landlords can expect a reliable source of rental income. These factors combined present a favorable market for those looking to invest in Section 8 properties, offering both stability and potential for financial returns.

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.