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 63776 in Unknown, Missouri, for fiscal year 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 Choice Voucher program. It's important to note that this does not equate to the rent you will receive from tenants; rather, it's the maximum amount that HUD will pay on behalf of eligible low-income tenants.
To understand the implications of this $950 FMR, compare it to the typical market rent in your area. Unfortunately, the data for local average rents in ZIP 63776 is currently N/A, making it challenging to provide a direct comparison. However, the N/A% share of renters in the area indicates the potential demand for affordable housing options. If this percentage is high, it suggests a strong need for rentals that fall under the Section 8 program, which can be advantageous for securing tenants.
The acquisition cost, which is the price you might pay to purchase a property suitable for Section 8 tenants, is also listed as N/A in the provided dataset. Without this information, it's difficult to give precise advice on whether properties in this ZIP code are overvalued or undervalued relative to the FMR. Typically, if acquisition costs are lower than the FMR, it could indicate a good investment opportunity.
Before deciding to enter the Section 8 market in ZIP 63776, ensure that your property meets all the necessary inspection criteria. HUD requires that all Section 8 properties pass a thorough inspection to meet health and safety standards. This verification step is crucial and should be completed to avoid any delays in receiving payments or issues with tenant placement.
In summary, while the specific local rent and acquisition cost data are unavailable, the $950 FMR provides a benchmark for the maximum subsidy HUD will pay. The high percentage of renters in the area suggests strong demand, but you must confirm that your property complies with HUD's requirements to proceed without complications.
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.