Location: Stoddard County, MO | Metro: Scott County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The median home value in ZIP code 63735, located in Bell City, Missouri, is approximately $73,000, based on recent real estate data. However, a more detailed breakdown from another source indicates that the median home value for White Non-Hispanic householders in 2023 was $89,300, while for Black or African American householders it was $53,296. These figures suggest a range of median home values in the area.
The annualized Fair Market Rent (FMR) for a two-bedroom property in ZIP 63735 for FY 2026 is $890. This figure can be used to calculate an implied gross yield for properties participating in the Section 8 program. Assuming a median home value of $73,000, the implied gross yield would be approximately 1.22%. If we use the higher median home value of $89,300, the implied gross yield drops to about 1.00%. Both scenarios indicate relatively low yields when compared to typical investment properties.
Given the 40.7% renter density in ZIP 63735, it's reasonable to assume that a significant portion of the population relies on rental assistance programs such as Section 8. However, the lack of specific data on market rents makes it challenging to provide a precise comparison. The lower implied gross yield using the higher median home value ($89,300) is more realistic, considering the typical trends in property values and rental incomes.
In conclusion, the gross yield for properties participating in the Section 8 program in ZIP 63735 is modest, ranging from 1.00% to 1.22%, depending on the median home value used. This yield should be carefully considered against the cost of maintenance and management typical for rental properties in this area.
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.