Location: Maries County, MO | Metro: Jefferson City, MO HUD Metro FMR Area
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 | $1,330 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $161,156 | 0.6% | F |
| 3BR | $1,330 | $253,349 | 0.52% | F |
| 4BR | $1,400 | $339,264 | 0.41% | F |
U.S. Census Bureau data (2024)
The ZIP code 65014 encompasses a portion of Bland, Missouri, a small town characterized by a predominantly owner-occupied housing market. With a total population of 2,245 residents, only 18.9% are renters, indicating a community where homeownership is the norm. The median household income in this area stands at $61,938, which is relatively modest but sufficient to support local living standards. The median home value in ZIP 65014 is $242,398, reflecting an affordable housing market compared to many urban areas.
Transitioning into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 65014 for fiscal year 2024 is set at $800. This figure contrasts slightly with the reported market rent of $784, based on Census American Community Survey (ACS) data. This suggests that while there is a slight premium for Section 8 tenants, it aligns closely with the actual market conditions, making it feasible for both hands-off and hands-on operators.
For hands-off voucher operators, ZIP 65014 offers a stable environment with a manageable number of renters, ensuring a steady stream of Section 8 tenants without the complexity of high-density rental markets. The modest difference between the FMR and market rent also means that landlords can expect to maintain their properties without significant financial strain.
In contrast, for value-add buyers looking to improve and increase property values, the area presents opportunities for enhancing existing properties to meet or exceed the FMR. Given the lower median home value, there is potential to add value through renovations and upgrades, attracting higher-paying tenants or even converting some units into owner-occupied homes, leveraging the town's preference for homeownership.
Ultimately, ZIP 65014 caters well to both hands-off and hands-on investors, offering a balance between stability and opportunity. For those who prefer minimal involvement, the current economic landscape supports a passive rental strategy. Meanwhile, those inclined towards active management can find room to grow and enhance their investment portfolio.
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.