Location: Sullivan County, MO | Metro: Sullivan 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 | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $111,034 | 1.13% | B |
U.S. Census Bureau data (2024)
The market in ZIP code 63556 presents a dynamic equilibrium between supply and demand, leaning slightly towards a scenario where supply outpaces demand. This inference is drawn from the fact that the Fair Market Rent (FMR) set at $890 for the fiscal year 2026 is notably higher than the actual market rent observed at $710, according to the latest Census ACS data. This discrepancy suggests that landlords may be facing some pressure to adjust their rents downward to align with what tenants are willing to pay.
A further indicator of this trend is the low price-cut share at 0.2%, which implies that while not many properties are being discounted, there is still a slight indication that landlords might need to consider lowering their asking prices to attract tenants. The median home value of $100,068 also points to an area that is relatively affordable, potentially attracting first-time homeowners who can find value in this market.
The 27.8% renter share is a significant factor in understanding the long-term housing pressures within ZIP 63556. A substantial portion of the population renting indicates a persistent demand for rental properties. This high percentage of renters can suggest that there is a continuous need for affordable housing options, which could lead to steady rental demand even if it doesn't currently exceed supply. Landlords and small-portfolio investors should monitor trends closely, as changes in the local economy or housing policies could alter the balance between renters and homeowners.
In summary, ZIP 63556 is a market where the dynamics favor a slight oversupply of rental units relative to demand, but the presence of a large renter population signals ongoing pressure for rental properties. Investors should focus on offering competitive rental rates and maintaining quality properties to stay ahead in this evolving market landscape.
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.