Location: Butler County, MO | Metro: Butler County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
970 FMR (metro FY 2026) highlights the Federal Market Rent for ZIP code 63940, which sets the upper limit for rental assistance payments under the Section 8 program. 600 market rent (Census ACS) indicates the average rent paid by tenants in the area, suggesting a significant gap between the FMR and what the market offers. This discrepancy means landlords can potentially receive higher payments through Section 8 compared to typical market rates. Despite the lack of data on median home values, 9.7% renter share underscores the proportion of renters in the community, providing insight into the demand for rental properties. With a median income of $53,378, residents in ZIP 63940 have a solid financial foundation, although it's important to note that the N/A-day DOM and N/A% price-cut share suggest limited data on the speed of property sales and the frequency of price reductions, respectively. These gaps in data could indicate a stable real estate market where homes aren't frequently listed for long periods or discounted significantly. Given these factors, particularly the favorable comparison between the FMR and market rent, landlords and small-portfolio investors should consider Section 8 participation as a viable strategy to ensure steady rental income.
The verdict for Section 8 in ZIP 63940 is positive, offering a reliable source of income above market rates.
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.