Section 8 Fair Market Rent (FMR) for ZIP 63962 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$740
2 Bedrooms	$970
3 Bedrooms	$1,270
4 Bedrooms	$1,270
5 Bedrooms	$1,473
6 Bedrooms	$1,650
7 Bedrooms	$1,782
8 Bedrooms	$1,871

The data provided for ZIP code 63962 lacks specific figures for median income, market rate rent, and the percentage of renters and population. However, based on the available information, we can frame an analysis focusing on the Federal Market Rent (FMR) standard of $900, which is relevant for understanding the financial dynamics between tenants and landlords.

Given the Federal Market Rent (FMR) standard of $900 for metro areas in fiscal year 2026, this represents the maximum amount that a household receiving a housing voucher would be expected to pay towards their rent. This figure serves as a benchmark for affordability in subsidized housing programs.

The absence of specific market rate rent data makes it challenging to quantify the exact affordability gap for households in ZIP 63962. However, it is reasonable to infer that if the market rate rent exceeds $900, many households might struggle to cover the remaining portion without substantial financial assistance.

Landlords in this area face a critical decision when choosing between accepting voucher payments or relying on cash-paying tenants. The FMR standard ensures a steady and predictable income stream, albeit at a fixed rate. On the other hand, cash-paying tenants could potentially offer higher rents, reflecting the true market value.

The competition among landlords is likely influenced by the proportion of renters and the overall population size in ZIP 63962. Without these specifics, we can deduce that landlords who accept vouchers will have a stable tenant base but may miss out on higher rental yields. Conversely, those who focus on cash-paying tenants might command higher rents but risk vacancies if potential tenants cannot afford the difference beyond the voucher amount.

Takeaway: For landlords considering their strategy in ZIP 63962, the decision hinges on balancing financial predictability with the potential for higher returns. Accepting vouchers guarantees a consistent income aligned with government standards, whereas attracting cash-paying tenants could lead to higher profits but requires careful assessment of the local economic conditions and the ability of residents to afford market rates.

Data Sources: FMR data from HUD (2027).

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.