Location: Schuyler County, MO | Metro: Schuyler County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
22.3% of residents in ZIP code 63561 are renters, indicating a significant demand for rental properties in the area. With a Fair Market Rent (FMR) of $910 for the metro area in fiscal year 2026, landlords can expect to set competitive rental rates that align with the local housing market. The Census ACS reports a market rent of $383, which is notably lower than the FMR, suggesting potential opportunities for landlords to increase their rental incomes while still remaining within reasonable rates for tenants. Despite the lack of data on median home values and days on market (DOM), the discrepancy between the FMR and market rent highlights the potential for rental investments to outperform owner-occupied property investments in terms of cash flow.
$56,563 is the median income in ZIP 63561, providing insight into the economic capacity of the population. This figure, combined with the relatively low market rent, indicates that a substantial portion of the renter population could afford higher rents without undue financial strain. However, the absence of data on the percentage of price-cut share among homes for sale means that landlords should focus on maintaining competitive rental offerings rather than speculating on the resale market.
The Section 8 program offers a guaranteed renter base for landlords willing to participate. Given the $910 FMR and the lower $383 market rent, landlords could potentially see increased revenues by accepting Section 8 tenants who would pay a portion of their income toward rent, with the government covering the remainder up to the FMR limit. This makes ZIP 63561 an attractive area for landlords interested in steady, government-backed rental income.
Verdict: ZIP 63561 presents a favorable environment for Section 8 participation, given the high renter share and favorable FMR to market rent ratio.
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.