Location: Moniteau County, MO | Metro: Cooper County, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 65025 in fiscal year 2024 is set at $820. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is designed to provide affordable housing assistance to low-income families. However, it's important to note that this is not necessarily the rent you will receive; it's the ceiling for rent subsidies.
In comparison, the average rent for ZIP 65025, according to recent Census American Community Survey (ACS) data, is $729. This indicates that the FMR is slightly higher than the local average, which could be advantageous if you're looking to enter the market without significantly undercutting your income. The difference between the FMR and the local average suggests a potential buffer that might help cover operational costs and provide a modest profit margin.
The 30.2% share of renters in this area signals a moderate demand for rental properties. Given that nearly one-third of the population are renters, there is a reasonable chance that Section 8 tenants will find your property attractive, especially if it meets or exceeds the quality standards set by the Housing Choice Voucher program.
If you're considering purchasing a property to become a Section 8 landlord, the median home value in ZIP 65025 is approximately $212,655. This price point should be considered alongside the potential rental income and the ongoing costs associated with maintaining a rental property. It's crucial to ensure that the FMR covers not only the mortgage but also other expenses such as utilities, maintenance, and insurance.
Before making the final decision to invest in a Section 8 rental property in ZIP 65025, verify that the property complies with the Housing Quality Standards (HQS). These standards are set by the U.S. Department of Housing and Urban Development (HUD) and must be met for a property to be eligible for Section 8 tenancy. This includes ensuring that the property is safe, decent, and sanitary, with no significant health or safety hazards.
In summary, the FMR of $820 provides a benchmark for your rental pricing under Section 8, while the local average rent of $729 offers context on the typical rates in the area. With a 30.2% renter share, there is a solid demand for rental properties, and the median home value of $212,655 gives you an idea of the investment required. Ensure your property meets HQS to avoid disqualification and to maintain compliance with the program.
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.