Location: Macon County, MO | Metro: Linn 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 | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $111,977 | 0.86% | C |
| 3BR | $1,150 | $223,041 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 64631, located in Bucklin, Missouri, represents a modest-sized rental market with a total population of 836 residents. Only 15.2% of these residents are renters, indicating that this area is primarily dominated by homeowners rather than renters. This homeowner dominance suggests that the demand for Section 8 vouchers may be relatively low compared to areas with higher percentages of renters.
The median household income in Bucklin, MO is $59,917, which provides context for understanding the affordability of housing in the area. The average market rent stands at $617, representing approximately 10.3% of the median household income. This figure is calculated by dividing the market rent ($617) by the median income ($59,917), then multiplying by 100 to convert it into a percentage. It's important to note that this calculation applies to both renters and homeowners, and the actual percentage of income spent on rent would be higher for those who actually rent.
When comparing the market rent to the Fair Market Rent (FMR) of $890, which is set for FY 2026 in the metro area, it becomes evident that the market rent in ZIP 64631 is below the FMR. This means that landlords in this area can potentially offer competitive rents while still being within the bounds of what is considered fair market value.
A landlord in ZIP 64631 should expect tenants who are likely to rely on Section 8 vouchers due to the lower overall rent prices. These tenants will typically have an income that is significantly less than the median household income, often at or below the poverty line. Given the FMR and the current market rent, landlords can anticipate that voucher holders will cover a substantial portion of their rental costs, making it feasible to rent properties to this demographic without financial strain.
To summarize, ZIP 64631 is not heavily populated by renters, but it offers a suitable environment for landlords to cater to Section 8 tenants. The lower market rent relative to the median income and the FMR makes it a manageable area for landlords to operate with a focus on subsidized housing, ensuring that they can attract and retain tenants who need assistance with housing costs.
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.