Location: Scott County, MO | Metro: Mississippi 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 | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $58,353 | 1.65% | A+ |
| 3BR | $1,310 | $116,340 | 1.13% | B |
| 4BR | $1,540 | $162,329 | 0.95% | C |
U.S. Census Bureau data (2024)
ZIP code 63834, located within the Scott County, MO metro area, has a Fair Market Rent (FMR) of $890 for fiscal year 2026. This figure is slightly above the county's average market rent of $770, indicating that it is positioned as a mid-tier neighborhood rather than a value pocket or premium sub-market within its metro.
The median home value in ZIP 63834 is $102,228, which is also reflective of a mid-tier status when compared to other ZIP codes in Scott County. However, what stands out is the 45.8% renter share, which is notably higher than the typical share for ZIP codes within the county. This suggests that there is a significant demand for rental properties in this area.
A high renter share combined with below-average home values can signal a potential sweet spot for Section 8 investments. In ZIP 63834, the FMR is higher than the market rent, which could mean that rental properties here are well-positioned to receive Section 8 subsidies. Landlords and small-portfolio investors should consider this as an opportunity, given the higher subsidy rate relative to the actual market rent.
To summarize, ZIP 63834 offers a balanced mix of mid-tier housing costs and a strong rental market presence, making it a favorable location for Section 8 investments. The key figures to note are the FMR of $890, market rent at $770, home value at $102,228, and a substantial 45.8% renter share. These factors suggest that the area is neither undervalued nor overpriced but presents a solid middle ground where investment can be both profitable and aligned with government housing assistance programs.
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.