Location: McDonald County, MO | Metro: McDonald 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 | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $194,365 | 0.49% | F |
| 3BR | $1,330 | $279,545 | 0.48% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP 64856, Pineville, MO, McDonald County, revolve around the SAFMR (Small Area Fair Market Rent) and the local market rent figures. For a two-bedroom apartment, the SAFMR for fiscal year 2026 is set at $890. This amount represents the maximum rent that a landlord can charge a tenant participating in the Section 8 program. However, it's important to note that the local market rent, according to the Census ACS, is significantly lower at $641.
To understand how a voucher payment works, let’s break down the components. A voucher payment consists of the tenant’s portion of the rent plus any utility allowances. The tenant's portion is typically based on their income, with the requirement that they pay 30% of their adjusted monthly income towards rent. If we assume an average tenant income in the area, the tenant might pay around $192 per month, which is 30% of the local market rent figure of $641.
The utility allowance is an additional amount paid by the housing authority to cover utilities. This allowance varies but can be estimated at around $150 for a two-bedroom unit. Therefore, the total voucher payment would be the sum of the tenant’s portion and the utility allowance, which comes to approximately $342 ($192 + $150).
This means that if a landlord charges the maximum allowable rent under the SAFMR, which is $890, the landlord will receive $342 directly from the tenant and the housing authority. The remaining amount must come from the tenant's own resources or be covered by the landlord. In this case, the reimbursement gap is $548 ($890 - $342). Conversely, if the landlord sets the rent at the local market rate of $641, the landlord would receive the full amount covered by the tenant and the housing authority, with no reimbursement gap.
The typical scenario in ZIP 64856, given the disparity between the SAFMR and the local market rent, is that landlords who participate in the Section 8 program will likely face a reimbursement gap if they charge the maximum allowable rent. Landlords should carefully consider these figures when deciding whether to participate in the program and at what rental rate to offer their units.
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.