Section 8 Fair Market Rent (FMR) for ZIP 63853 - 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
$37,375
The analysis of ZIP code 63853 in Pemiscot County, Missouri, reveals several key points that landlords and small-portfolio investors should consider.
- Does the rent math work? The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890. However, the lack of available market rent data makes it impossible to directly compare these figures. Without this comparison, it's challenging to assess whether the rental income will cover operational costs and provide a profit margin.
- Is acquisition affordable? Unfortunately, the median home value, days on market (DOM), and percentage of homes needing price cuts are not available for this ZIP code. This absence of data complicates the assessment of affordability for potential acquisitions. Investors would need to rely on broader regional trends or conduct a detailed local market survey to make informed decisions.
- Is there tenant demand? The ZIP code has a total population of 141, with 7.6% of residents being renters. Given the small population size, the number of potential tenants is limited. This low demand suggests that finding and retaining renters could be challenging, especially in a rural setting where job opportunities might also be scarce.
Verdict: ZIP code 63853 presents a high-risk investment scenario due to the limited population and low renter share. The absence of critical market data further hinders the ability to make an informed decision regarding the affordability of property acquisition and the viability of rental income. Landlords and investors must proceed with caution and seek additional local insights before committing resources to this 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.