Location: Livingston 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 | $740 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $200,210 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 64688 stands out in XX County with its unique demographic and economic characteristics. With a total population of 705 residents, it has a relatively low rental rate at 14.3%, indicating that the majority of the residents own their homes. The median household income in this area is $67,679, which is above the national average, suggesting a financially stable community. Furthermore, the median home value in ZIP 64688 is $231,779, reflecting a significant investment in property ownership.
When it comes to Section 8 voucher economics, the data paints an interesting picture. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, whereas the current market rent, according to Census ACS data, is $713. This difference means that landlords accepting Section 8 vouchers can expect to receive a higher rent subsidy compared to the typical market rates, making it potentially attractive for those looking to maximize their rental income.
The data signature for ZIP 64688 reads as stable. The relatively high median income and home values indicate a community where most residents are financially secure and likely to remain so. Although the rental rate is low, the gap between the FMR and the actual market rent suggests that there is a viable opportunity for landlords who choose to accept Section 8 vouchers. However, the low number of renters also implies that the demand for subsidized housing might be limited, which could affect the overall appeal of Section 8 properties in this ZIP code.
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.