Location: Stoddard County, MO | Metro: Dunklin County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 63822 in the metro area for fiscal year 2026 is set at $900. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It is important to note that this amount is not the rent you will charge your tenants directly; it is the maximum amount that the housing authority will pay on behalf of eligible tenants.
In ZIP 63822, the median gross rent as reported by the Census Bureau's American Community Survey (ACS) is $805. This indicates that the FMR is higher than the local median rent, which could be beneficial for landlords as it helps cover costs such as maintenance, insurance, and property taxes.
The renter share in ZIP 63822 is 23.9%, suggesting a moderate demand for rental properties. While not extremely high, this percentage indicates that there is a reasonable number of residents who are likely to benefit from the Section 8 program and seek affordable housing options.
The median home value in this area is approximately $108,485, providing insight into the typical acquisition cost for homes in ZIP 63822. For those considering purchasing a property to convert into a rental, this figure can help estimate the investment required.
Before committing to a Section 8 rental property, it is crucial to verify that the property meets all necessary inspection criteria. The housing authority will conduct an inspection to ensure that the unit is safe, decent, and sanitary, and that it complies with local housing codes. Failure to meet these standards can result in disqualification from the program.
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.