Location: Sullivan County, MO | Metro: Linn County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 63566 is not predominantly a renter-heavy area. With only 7.7% of residents renting, it leans more towards homeownership. The median household income stands at $97,396, which suggests a relatively affluent community.
Despite the low percentage of renters, the connection between income levels and market rent is obscured due to the lack of specific market rent data for this ZIP. However, we can compare the median income to the Fair Market Rent (FMR), which is set at $920 for the fiscal year 2026 in the metro area. This indicates that if the FMR is representative of the market rent in 63566, then typical rent would consume approximately 9.4% of the local median income ($920/$97,396 * 100).
Section 8 vouchers are generally more prevalent in areas with higher percentages of renters and lower median incomes. Given the limited number of renters and the relatively high median income in 63566, it's reasonable to infer that the availability of Section 8 vouchers is likely to be lower compared to more renter-dominant areas.
In this ZIP code, landlords should anticipate a tenant pool that is financially stable but may find the use of Section 8 vouchers less common. Tenants will likely be able to afford market rents without significant assistance, making the reliance on housing vouchers minimal.
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.