Location: Stoddard County, MO | Metro: Stoddard County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The median income in ZIP code 63936 stands at $51,466, which places significant constraints on households when it comes to affording the $838 market rate for rent. This figure represents a substantial portion of an average household's income, indicating that many residents might struggle to cover their housing costs without financial assistance.
Comparatively, the voucher payment standard set at Fair Market Rent (FMR) of $980 for the metro area in fiscal year 2026 is higher than the current market rate. This suggests that voucher holders could potentially find it easier to secure housing within this ZIP code, given that they would have access to funds that exceed the typical rental price.
With 37.3% of the 494 population being renters, the competition for affordable housing is notable. The disparity between the median income and the market rate for rent highlights a significant affordability gap, which means that landlords who accept vouchers may have a competitive edge over those who do not, as they can attract tenants with government assistance who might otherwise be priced out of the market.
For landlords considering whether to adopt voucher versus cash-pay strategies, the data points towards accepting vouchers as a viable option. Given the high proportion of renters and the median income levels, landlords who accept vouchers will likely see increased demand for their properties. While the FMR of $980 is slightly above the market rate of $838, the stability and reliability of voucher payments can offset any perceived disadvantage, making it a strategic choice for attracting tenants in this ZIP code.
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.