Location: Linn County, MO | Metro: Chariton County, MO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $990 | $82,704 | 1.2% | B |
| 3BR | $1,190 | $159,827 | 0.74% | D |
| 4BR | $1,310 | $177,124 | 0.74% | D |
U.S. Census Bureau data (2024)
ZIP 64628, located in Brookfield, Missouri within the Linn County, Missouri metro area, presents an intriguing opportunity for inclusion in a Section 8 portfolio strategy. This ZIP code is best categorized as a cash-flow anchor due to its significant spread between the Fair Market Rent (FMR) set at $900 for the fiscal year 2026 and the current market rent of $704. The difference of $196 per month provides a substantial cushion for landlords, ensuring that they can cover their expenses even if there are unexpected maintenance costs or vacancies.
The median home value in ZIP 64628 stands at $129,489, which is relatively low compared to many other areas, making it accessible for small-portfolio investors looking to enter the market without a large capital investment. This affordability also means that the properties are likely to be more manageable in terms of ongoing costs such as property taxes and insurance.
While the ZIP code does not offer strong potential for price appreciation, evidenced by its 0.2% price-cut share and N/A-day Days on Market (DOM), it still serves as a reliable asset for generating consistent rental income. The low price-cut share suggests that homes in this area are generally valued correctly, reducing the risk of overpaying for a property. The lack of data for DOM indicates stability in the housing market, with homes selling at a steady pace rather than sitting unsold for extended periods.
ZIP 64628 also has a modest 24.1% renter share, meaning a significant portion of residents are homeowners, which aligns well with a Section 8 strategy focused on rental properties. The median income of $59,361 further supports the viability of this ZIP code for Section 8 tenants, who typically earn below 50% of the area's median income, ensuring a steady stream of eligible applicants for subsidized housing.
In summary, ZIP 64628 is ideally suited as a cash-flow anchor in a Section 8 portfolio. Its $196 monthly spread between FMR and market rent ensures financial stability, while its low median home value and modest renter share make it an attractive option for investors seeking dependable, long-term rental income.
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.