Location: Harrison County, MO | Metro: Harrison County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,250 |
| 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)
The Fair Market Rent (FMR) for ZIP code 64467 in the metro area for fiscal year 2026 is set at $890. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which means the government will pay up to $890 per month for a unit deemed suitable for rental. It's important to note that this is not the amount tenants will pay in rent; rather, it's the maximum subsidy amount.
To put this into perspective, the local median rent for similar units in ZIP 64467 is listed as N/A, indicating that there might be limited data available for comparison. However, the FMR serves as a benchmark for landlords participating in the Section 8 program.
The FMR also gives insight into the potential demand for Section 8 rentals in the area. With a 0.0% renter share, it suggests that very few renters are currently utilizing Section 8 vouchers in ZIP 64467. This could mean there is an untapped market for landlords willing to participate in the program, as many qualified low-income families may be looking for housing but have limited options.
Regarding acquisition costs, the data provided shows N/A, which typically indicates that there isn't enough information to determine the average cost of acquiring a property in this area. However, this does not necessarily mean there are no opportunities; it just means you'll need to research further on property values and costs.
Before deciding to enter the Section 8 market with your first rental in ZIP 64467, verify that your property meets all the necessary quality and safety standards required by the program. These standards, known as the Housing Quality Standards (HQS), ensure that the rental unit is safe, decent, and sanitary for tenants. Failure to meet these standards can result in non-payment or termination of the contract, so it's crucial to confirm compliance to avoid any issues.
In summary, the FMR of $890 provides a clear guideline for the maximum subsidy payment, indicating a potentially underserved market for Section 8 rentals in ZIP 64467. Ensure your property meets the HQS requirements to proceed confidently with your first Section 8 rental.
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.