Location: St. Clair County, MO | Metro: Bates County, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The ZIP code 64780 stands out due to its unique demographic and economic characteristics. With only 364 residents, it represents a small community where 19.2% of the population rents their homes. The median income here is $44,107, which is relatively modest compared to the median home value of $234,142. This suggests that homeownership is quite expensive relative to the average income, potentially limiting opportunities for first-time buyers.
Moving to the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for ZIP 64780 in fiscal year 2024 is set at $810. This figure closely aligns with the market rent reported by the Census Bureau's American Community Survey (ACS), which stands at $809. Such parity between FMR and actual market rent indicates that the Section 8 program can effectively support tenants in finding suitable accommodation within this ZIP code without significant disparities.
The data signature for ZIP 64780 reads as stable. The slight increase in FMR from the previous year to $810 does not suggest a volatile rental market. Instead, it reflects a steady state where the cost of living remains consistent, and the Section 8 voucher amount adequately covers typical rental costs. This stability is further supported by the unchanged median home value and median income levels over recent years, indicating a predictable environment for both landlords and small-portfolio investors.
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.