Section 8 Fair Market Rent (FMR) for ZIP 63565 - 2027

Location: Sullivan County, MO | Metro: Putnam County, MO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$830
2 Bedrooms	$960
3 Bedrooms	$1,270
4 Bedrooms	$1,440
5 Bedrooms	$1,670
6 Bedrooms	$1,870
7 Bedrooms	$2,020
8 Bedrooms	$2,121

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,965

Median Household Income

$69,643

Housing Units

2,121

Renter Percentage

19.3%

Occupancy Rate

68.2%

Renter Occupied

279

Unionville, Missouri, located in ZIP code 63565, is a rural area with a modest population. The real estate market here reflects the characteristics of a smaller community, where the cost of living is relatively low compared to urban centers. This analysis will provide insights into the current state of the rental market, focusing on key metrics that are crucial for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for Unionville, Missouri, for the fiscal year 2026 is set at $890. This figure represents the maximum amount that a landlord can charge for a unit under the Section 8 program, providing a benchmark for rental pricing in subsidized housing.
The average market rent, according to the Census American Community Survey (ACS), stands at $501. This indicates that the typical rent in Unionville is significantly below the FMR, suggesting that there is room for price increases without exceeding the Section 8 limits.
The median home value in Unionville is $191,579. This relatively low median value can be attractive for investors looking to purchase properties at a lower cost, while still benefiting from potential appreciation in a growing market.
Renters make up 19.3% of the total population in Unionville. This percentage highlights a moderate demand for rental properties, which could be beneficial for landlords who wish to cater to a specific segment of the market.
The median income in Unionville is $69,643. This income level suggests that tenants in the area have a stable financial situation, which can contribute to lower vacancy rates and better tenant retention.

Investors considering Unionville, Missouri, for their real estate portfolio should take note of the significant gap between the Fair Market Rent and the actual market rent, indicating potential for rental income growth. The modest median home value presents opportunities for acquisition at a lower cost, while the stable median income supports the likelihood of reliable tenants. With a moderate renter share, there is a balanced market for both homeowners and renters, making Unionville a viable option for those looking to invest in a smaller, less competitive market.

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.