Location: Pemiscot County, MO | Metro: Pemiscot County, MO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,350 | $118,052 | 1.14% | B |
U.S. Census Bureau data (2024)
ZIP code 63830, located within Pemiscot County, Missouri, presents a unique profile when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 63830 stands at $900 for the fiscal year 2026, which is notably higher than the market rent of $800. This suggests that while government subsidies aim to cover a higher rent threshold, the actual market rents are slightly lower, potentially indicating a value pocket where subsidized tenants can find housing that is below the subsidy rate.
The median home value in ZIP 63830 is $77,633, which is significantly below the average for the county. This low home value, combined with a high renter share of 48.2%, points towards an area where many residents rely on rental housing, possibly due to financial constraints or a preference for renting over buying. Such characteristics often make ZIP codes attractive for landlords who are interested in Section 8 properties, as they can offer affordable rental options that align well with government subsidy rates.
To further contextualize, it's important to note that ZIP 63830 does not represent a premium sub-market within its metro. Instead, it leans towards being a value pocket, given its below-average home values and slightly lower market rents compared to the FMR. The high percentage of renters could indicate a strong demand for affordable housing units, which could be a significant opportunity for landlords participating in the Section 8 program.
Landlords and small-portfolio investors should consider the implications of these figures. The alignment between the FMR and the market rent, albeit with a slight discrepancy, means that properties in this ZIP code can be rented out at a price that is supported by government subsidies. Moreover, the high proportion of renters and the relatively low home values suggest that there is a robust market for affordable rental housing, making ZIP 63830 a strategic location for those looking to capitalize on Section 8 opportunities.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.