Location: Reynolds County, MO | Metro: Reynolds County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 63633 is set at $890 per month for the fiscal year 2026. This figure represents the payment standard used by the Housing Choice Voucher Program, commonly known as Section 8. It's important to note that this is not the amount tenants will pay as rent; it's the maximum amount the government will reimburse landlords for renting a unit to a qualified tenant.
In ZIP 63633, the local median rent is currently listed as N/A, which means there isn't enough data to provide a precise comparison to the FMR. However, the fact that 26.8% of residents are renters suggests a steady demand for rental properties. This percentage indicates that nearly a quarter of the population relies on rental housing, creating a consistent market for Section 8 properties.
The acquisition cost for rental properties in this area is also noted as N/A. Without specific data, it's challenging to give a definitive number, but generally, properties that are eligible for Section 8 should not exceed the FMR in terms of purchase price. Landlords should be cautious about buying properties above the FMR, as they might face difficulties in finding tenants who qualify under the program.
Before deciding to enter the Section 8 market with your first rental property in ZIP 63633, you must verify that the property meets all the necessary requirements set by the Department of Housing and Urban Development (HUD). These include passing a thorough inspection to ensure the unit is safe, decent, and sanitary, as well as being reasonably priced according to the established FMR. Failure to meet these criteria can result in rejection from the program, even if the property is otherwise desirable.
To summarize, the FMR of $890 provides a benchmark for the reimbursement rate in ZIP 63633, indicating a strong potential for steady income through the Section 8 program. With a significant portion of the population being renters, demand is likely to be stable, making this a viable option for landlords and small-portfolio investors. Ensure your property complies with HUD standards to avoid any issues once you're ready to participate in the program.
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.