Location: Scott County, MO | Metro: Scott County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The ZIP code 63742 is characterized by a relatively low percentage of renters at 12.5%. This indicates that the area is not heavily dominated by renters but rather leans towards homeownership. Given the limited data on the median household income and the absence of specific market rent figures, it's challenging to provide an exact percentage of local income that goes towards rent. However, we can infer that the typical rent in this area would likely be lower than the Fair Market Rent (FMR) of $920, which is set for FY 2026 in the metro region.
The FMR serves as a benchmark for housing costs and is used to determine eligibility for Section 8 vouchers. In ZIP 63742, the scarcity of detailed income data makes it difficult to assess how deeply voucher demand might penetrate the rental market. Nonetheless, the 12.5% rental rate suggests that voucher holders could represent a significant portion of the available rental pool, especially if there are few affordable units.
Landlords in ZIP 63742 should anticipate a tenant profile that includes individuals and families who rely on Section 8 vouchers for their housing needs. These tenants will be looking for rents that do not exceed the $920 FMR threshold. It's important for landlords to understand that while the voucher system ensures timely rent payments, they must comply with federal regulations and maintain properties up to certain standards to continue receiving assistance.
To attract and retain Section 8 tenants, landlords should focus on providing well-maintained, safe, and affordable living spaces. The competition for voucher holders may not be as intense as in areas with higher renter percentages, but it remains a critical consideration given the limited availability of affordable housing options in many regions. Landlords should also prepare to navigate the administrative processes associated with the Section 8 program, including inspections and rent certifications.
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.