Section 8 Fair Market Rent (FMR) for ZIP 63826 - 2027
Location: Pemiscot County, MO | Metro: Pemiscot County, MO
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if a landlord should buy in ZIP code 63826 for Section 8 purposes, follow this decision tree:
- Does FMR $890 (metro FY 2026) clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest in this ZIP code for Section 8 properties. The Fair Market Rent (FMR) of $890 is insufficient to cover the debt service on any property.
- Is market rent above, at, or below FMR?
- If market rent is above FMR: The area is overpriced relative to what Section 8 will pay. This makes it difficult to attract Section 8 tenants, leading to a likely no recommendation for investment.
- If market rent is at FMR: There's equilibrium between market conditions and what Section 8 pays. This scenario supports a yes recommendation for investment, assuming other factors align favorably.
- If market rent is below FMR: The area is underpriced relative to what Section 8 will pay, making it attractive for both market and Section 8 tenants. This leads to a yes recommendation for investment.
- Are 13.8% renters + N/A-day DOM enough demand?
- If the Days on Market (DOM) is low: Despite only 13.8% of the population being renters, a quick turnover rate suggests strong demand. This supports a yes recommendation for investment.
- If the DOM is high: A long time for properties to be listed indicates weak demand. Combined with the lower rental population percentage, this points to an it depends recommendation. Further investigation into the reasons for high DOM is necessary before making a final decision.
The key to deciding whether to invest in ZIP 63826 for Section 8 purposes lies in understanding the local market dynamics. With an FMR of $890, the first step is ensuring that this amount can cover the debt service on any potential property. Next, compare the market rent to the FMR; if it's below, it's a positive sign. Lastly, assess the demand by looking at the percentage of renters and the DOM. Low DOM despite a modest rental population can still indicate viable investment opportunities.
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.