Location: Moniteau County, MO | Metro: Cooper County, 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 | $740 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $970 | $148,466 | 0.65% | D |
| 3BR | $1,340 | $227,841 | 0.59% | F |
| 4BR | $1,520 | $300,012 | 0.51% | F |
U.S. Census Bureau data (2024)
ZIP code 65018, located in California, Missouri, is situated within the Moniteau County, MO HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 65018 in fiscal year 2024 is set at $850. This compares to an average market rent of $753, indicating that the FMR is slightly higher than what the market currently offers. The median home value in this ZIP is $233,817, which is reflective of the overall housing costs in the area.
The renter share in ZIP 65018 stands at 22.3%, which is above the national average but needs to be compared against the county's average to determine if it's a significant divergence. Given the specific figures, we can infer that 65018 is likely a mid-tier neighborhood within the Moniteau County, MO HUD Metro FMR Area. It isn't marked as a premium sub-market due to the relatively moderate home values and FMR being only slightly above market rent.
However, the higher-than-average renter share combined with home values that are not excessively high might suggest that 65018 could be considered a value pocket for Section 8 participants. Landlords in this area may find it advantageous as the higher renter share indicates a larger potential tenant pool who qualify for assistance, without the burden of extremely high property values that could otherwise increase their investment costs.
To provide a more precise analysis, a direct comparison with the average metrics of other ZIP codes within the Moniteau County, MO HUD Metro FMR Area would be necessary. This would clarify whether 65018 indeed stands out as having a notably higher renter share relative to the county average, further supporting its potential as a value pocket for Section 8 tenants.
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.