Location: Perry County, MO | Metro: Perry County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
The Fair Market Rent (FMR) for ZIP code 63737 in metro FY 2026 is set at $950. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 housing voucher program. It's important to note that this is not the amount you will receive as rent; rather, it's the maximum amount HUD will pay on behalf of eligible tenants.
To determine your actual rent, you'll need to negotiate with the tenant and HUD. The rent cannot exceed the FMR, but it can be lower based on the agreement. In ZIP 63737, there is currently no specific local rent figure provided, which means the $950 FMR will serve as the benchmark for negotiations.
The percentage of renters in the area who could potentially benefit from Section 8 vouchers is listed as N/A%. However, even without this exact figure, understanding the demand for affordable housing is crucial. Typically, areas with high percentages of low-income renters have higher demand for Section 8 rentals. Although we don't have the precise percentage, knowing the FMR helps gauge the potential market.
The median home value in ZIP 63737 is also listed as N/A. This information is key when considering the acquisition cost of a property for Section 8. If you're buying an existing home or constructing a new one, the median home value gives you a rough idea of what you might expect to spend. Keep in mind that properties accepted into the Section 8 program must meet certain standards and undergo inspections, which can affect the final price and maintenance costs.
Before deciding to participate in the Section 8 program with a rental in ZIP 63737, ensure that your property meets all the necessary requirements and quality standards set by HUD. This includes passing a housing quality standards (HQS) inspection. Verifying compliance with these standards is essential to avoid any issues once your property is part of the program.
Data Sources: FMR data from HUD (2027).
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.