Location: Worth County, MO | Metro: Gentry County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
To understand the economics of Section 8 housing in ZIP code 64499, it's crucial to know the Subsidized Area Fair Market Rent (SAFMR) for a two-bedroom unit, which is set at $890 for fiscal year 2026. This figure represents the maximum amount the government will pay toward a tenant's rent under the Housing Choice Voucher program, commonly known as Section 8.
The SAFMR applies specifically to this ZIP code, meaning landlords must ensure their rental rates do not exceed this limit to qualify for the program. Local market rents for the area are currently unavailable, but the SAFMR serves as a benchmark for the government subsidy.
Under Section 8, the voucher typically covers 70% to 80% of the total rent, depending on the tenant's income. For a two-bedroom unit priced at the SAFMR of $890, the government would pay the landlord around $623 to $712 per month. The remaining balance is paid by the tenant directly, based on their ability to pay, which is generally calculated as 30% of their adjusted monthly income.
Utility allowances vary by region and can affect the final reimbursement amount. In ZIP 64499, these allowances are part of the overall calculation, but specific amounts are not provided. Therefore, the landlord should be aware that the total rent collected might include some utilities covered by the voucher, reducing the tenant's out-of-pocket expenses.
Given the SAFMR of $890, if we assume a typical reimbursement rate of 75%, the government would contribute approximately $667.50 per month toward the rent. This leaves a potential reimbursement gap of $222.50, which the tenant must cover. However, if the tenant's income is lower, the reimbursement gap could be higher, potentially leading to a surplus if the landlord sets the rent below the SAFMR.
In summary, landlords in ZIP 64499 participating in the Section 8 program can expect a consistent reimbursement rate of about $667.50 for a two-bedroom unit, with the remainder paid by the tenant. The exact reimbursement and tenant contribution depend on individual circumstances, but the SAFMR provides a clear ceiling for the rent charged, ensuring predictability in the financial arrangement.
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.