Location: Scotland County, MO | Metro: Knox County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The ZIP code 63563, located in a county with a unique data signature, stands out due to its relatively low population of 501 residents, where only 8.8% rent their homes. The median income here is $61,250, which is modest compared to the median home value of $283,468, indicating that homeownership is a significant priority for the majority of residents.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,280. However, the specific market rental rate for ZIP 63563 is not available, suggesting that there may be limited rental properties or a lack of recent data on the rental market. This discrepancy between the FMR and the unavailability of local market rates can make it challenging for landlords to accurately price their rentals while remaining competitive and attractive to Section 8 tenants.
The data signature for ZIP 63563 reads as stable, with a high preference for homeownership and a low percentage of renters. The lack of detailed market rental information, combined with the established median home values, indicates that the rental market is likely less dynamic and may not offer the same opportunities for growth as areas with higher rental populations. Landlords and small-portfolio investors should carefully consider the potential demand for rental properties in this ZIP code before making any investment decisions.
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.