Location: Vernon County, MO | Metro: Vernon 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 | $1,280 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,280 | $278,107 | 0.46% | F |
U.S. Census Bureau data (2024)
36,813 landlords in ZIP code 64767 can expect the median income to provide a stable tenant base, ensuring steady rental income. 5.0% represents the modest share of renters in the area, suggesting a balanced market where demand and supply are well-matched. $910 is the Fair Market Rent (FMR) for the metro area in fiscal year 2026, which sets a benchmark for rental pricing and eligibility under the Section 8 program. $241,420 is the median home value, indicating a middle-class neighborhood where property values are likely to remain consistent. Despite the lack of specific data on days on market (DOM) and the percentage of homes that have had their prices cut, the overall economic indicators point to a reliable investment environment. Landlords should be aware that the FMR serves as an upper limit for Section 8 payments, meaning they must ensure their rents do not exceed $910 to qualify tenants under the program. This creates a predictable revenue stream for properties priced appropriately. The modest renter share also implies that there is potential for rental growth without significant competition, making it a favorable market for small-portfolio investors looking to expand. Given the stable median income and home values, combined with the established FMR, investing in Section 8 eligible properties in ZIP 64767 presents a solid opportunity for long-term, low-risk returns.
Section 8 Verdict: Suitable for investors seeking stability and moderate growth.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.