Location: Stoddard County, MO | Metro: Stoddard County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The analysis for the Section 8 program in ZIP code 63850 focuses on the disparity between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area for fiscal year 2026 is set at $890. However, the market rent data for this region is currently unavailable, which makes it challenging to provide a direct comparison in terms of dollars and percentage.
Despite the lack of specific market rent figures, the implications of the FMR being potentially higher or lower than the market rate can be explored. If the FMR exceeds the market rent, landlords and small-portfolio investors should consider this a yield play. Voucher tenants would ensure a steady and predictable income stream that aligns with or even surpasses the local rental market rates. This scenario would be particularly advantageous given the low rental population of 0.0%, suggesting limited competition and a niche market for subsidized housing.
In contrast, if the FMR is lower than the market rent, landlords might face a reduction in their rental income due to the cost of housing voucher tenants below open-market rates. This could mean accepting a lower profit margin in exchange for guaranteed tenancy and reduced vacancy risk. The absence of data regarding the median home value and median income in this ZIP code further complicates the assessment but underscores the importance of understanding local economic conditions before making investment decisions.
To summarize, while the exact gap between FMR and market rent cannot be quantified in dollars and percent without complete data, the potential benefits and drawbacks for landlords and investors can be outlined based on the FMR figure alone. The FMR of $890 sets a baseline for rental expectations, and whether this represents an opportunity for higher yields or necessitates a strategic adjustment to lower profit margins will depend on the actual market rents in the area.
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.