Section 8 Fair Market Rent (FMR) for ZIP 64468 - 2027

Location: Nodaway County, MO | Metro: Nodaway County, MO

Investment Score for ZIP 64468

D
Monthly Rent (2BR)
$1,000
Median Price (2BR)
$141,518
1% Rule
0.71%
Annual Yield
8.48%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$770
1 Bedroom$780
2 Bedrooms$1,000
3 Bedrooms$1,280
4 Bedrooms$1,670
5 Bedrooms$1,937
6 Bedrooms$2,169
7 Bedrooms$2,343
8 Bedrooms$2,460

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,000 $141,518 0.71% D
3BR $1,280 $215,823 0.59% F
4BR $1,670 $269,076 0.62% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
14,280
Median Household Income
$57,251
Housing Units
6,285
Renter Percentage
46.4%
Occupancy Rate
89.7%
Renter Occupied
2,617

The dynamics of the ZIP code 64468, located in Maryville, MO, reveal a market in motion. The Fair Market Rent (FMR) for the area stands at $910 for the fiscal year 2026, while the current market rent based on Census ACS data is $802. This suggests that the rental market is growing towards the FMR, indicating potential upward pressure on rents.

A key indicator of market health is the price-cut share, which is currently at 0.2%. This low figure implies that landlords are not frequently reducing their asking prices, a sign that demand is steady or even slightly outpacing supply. The Days on Market (DOM) for listings is 40 days, which is relatively short and further supports the idea that demand is robust. Landlords can expect to find tenants quickly, without needing to lower their rates significantly.

The median home value in ZIP 64468 is $223,963. This figure provides insight into the overall cost of living in the area, but it's the 46.4% renter share that tells a more compelling story. Such a high percentage of renters indicates sustained long-term housing pressure. As the population grows or shifts, there will likely be continued demand for rental properties, making it an attractive market for small-portfolio investors looking for stable returns.

In summary, the snapshot of ZIP 64468 points to a rental market where demand is keeping pace with or slightly exceeding supply. The low price-cut share and short DOM suggest that rental properties are moving swiftly, and the high renter share signals ongoing pressure on housing, particularly for rentals. These factors make Maryville, MO, a dynamic and promising market for real estate investment.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.