Location: Scott County, MO | Metro: Scott County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 63758 in the metro area for fiscal year 2026 is set at $890. This figure represents the maximum amount a landlord can charge for rent under the Section 8 program, which is funded by the U.S. Department of Housing and Urban Development (HUD). It's important to note that this is not the actual rent you will receive; it's the ceiling on what tenants can be charged.
In comparison, the average rent for the same area, according to the Census American Community Survey (ACS), is $591. This means that the FMR for Section 8 is significantly higher than the typical market rate, offering a potential advantage to landlords who might otherwise struggle to cover costs.
The data shows that 46.8% of households in ZIP 63758 are renters. This indicates a strong demand for rental properties, which can be leveraged by landlords looking to enter the Section 8 market. With nearly half of the households renting, there is a substantial pool of potential tenants who could benefit from the subsidized housing.
Regarding the acquisition cost of a property in this area, the data provided is marked as N/A, suggesting that specific figures for property purchase or construction costs are not available. However, landlords should verify the local property values independently to ensure they are making a sound investment decision.
A key point to consider before entering the Section 8 market is the condition of your property. HUD requires that all Section 8 properties meet certain standards known as the Housing Quality Standards (HQS). These standards ensure that the rental units are safe, decent, and sanitary. Before you commit to a Section 8 rental, make sure your property meets these HQS requirements. This will save you time and money in the long run and ensure compliance with federal regulations.
By choosing to participate in Section 8, landlords in ZIP 63758 can benefit from a steady income stream, albeit with the responsibility of maintaining their property to a higher standard. The higher FMR compared to the local average rent also offers an opportunity to offset maintenance and operational costs associated with owning a rental property.
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.