Location: Reynolds County, MO | Metro: Iron 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 | $870 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $146,482 | 0.66% | D |
| 3BR | $1,180 | $195,685 | 0.6% | D |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP 63620 in Annapolis, MO, for a two-bedroom unit is set at $890 for fiscal year 2026. In contrast, the Census ACS reports the market rent for the same area at $616. This indicates that voucher tenants in ZIP 63620 cashflow at the FMR level, providing a significant margin for landlords. With a median home value of approximately $158,282, the rent-to-price ratio stands at roughly 0.57%, suggesting strong potential for rental income relative to property value.
Data on days on market (DOM) and price cut percentages for ZIP 63620 was not available, but these metrics are typically less relevant in areas where rental income is robust compared to home purchase prices. Given the disparity between the HUD FMR and the actual market rent, it's clear that landlords can expect solid cash flow from Section 8 tenants in this region.
The strongest investor angle in ZIP 63620 is cash flow, due to the favorable difference between HUD FMR and market rents, which allows for consistent and reliable income from Section 8 tenants.
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.