Section 8 Fair Market Rent (FMR) for ZIP 65016 - 2027

Location: Jefferson City, MO | Metro: Jefferson City, MO HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$740
2 Bedrooms	$960
3 Bedrooms	$1,330
4 Bedrooms	$1,550
5 Bedrooms	$1,798
6 Bedrooms	$2,014
7 Bedrooms	$2,175
8 Bedrooms	$2,284

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,240

Median Household Income

$78,750

Housing Units

577

Renter Percentage

18.8%

Occupancy Rate

82.8%

Renter Occupied

The ZIP code 65016, located in the heart of rural Missouri, offers a unique investment opportunity for landlords and small-portfolio investors. This area is characterized by its stable housing market and a significant portion of renters who rely on affordable housing options.

Fair Market Rent (FMR) for a one-bedroom unit in ZIP 65016 for fiscal year 2024 is set at $800. This figure represents the maximum amount that a low-income family should pay for housing under federal programs, indicating a baseline for rental pricing.
The market rent for ZIP 65016, based on Census American Community Survey (ACS) data, is $546 per month. This suggests that there is potential to increase rents slightly above the current market average without exceeding the FMR.
The median home value in ZIP 65016 is not available. This could be due to a lack of recent sales data, which is common in rural areas where home turnover is lower.
Renters make up 18.8% of the population in ZIP 65016. This indicates a moderate demand for rental properties, but also implies that the majority of residents prefer homeownership.
The median income for households in ZIP 65016 is $78,750. This relatively high median income compared to some other rural areas can support higher rental rates, especially if the landlord targets families eligible for assistance programs.
The days on market (DOM) for properties in ZIP 65016 is not applicable. This could mean that listings are scarce, making it harder to gauge how quickly properties are typically sold or rented out.

The data points suggest that ZIP 65016 presents a niche market for landlords and small-portfolio investors who can cater to the needs of low-income families seeking affordable housing. With the Fair Market Rent significantly higher than the current market rent, there is room to adjust rental prices upwards while still remaining competitive. The median income provides assurance that tenants will have the financial stability to meet their obligations. However, the limited availability of recent sales data and the moderate renter share indicate that the market may be slow-moving and require careful targeting of potential tenants. Overall, ZIP 65016 offers a stable environment for those willing to invest in affordable housing solutions.

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.