Location: Jefferson City, MO | Metro: Jefferson City, MO HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 65035 are governed by the SAFMR (Small Area Fair Market Rent) which is set specifically for this ZIP code. For a two-bedroom apartment in ZIP 65035, the SAFMR for fiscal year 2024 is $800. However, the local market rent, according to the Census ACS data, is lower at $659.
A Section 8 voucher works by covering the difference between what a tenant can afford and the rent of the unit. The tenant portion is generally calculated as 30% of their adjusted monthly income. If we assume an average adjusted monthly income of $1,500 for a tenant in this area, the tenant would pay $450 towards rent. This leaves a balance of $350 that the voucher program must cover to reach the SAFMR of $800.
The voucher also includes utility allowances, which vary based on the specific location and the type of utilities required. For simplicity, let's say the utility allowance is $100. Therefore, the total amount paid by the voucher program would be $450 (rent subsidy) + $100 (utility allowance) = $550.
This means that landlords in ZIP 65035 receiving Section 8 vouchers will get a reimbursement of $550 plus the $450 paid by the tenant, totaling $1,000 for a two-bedroom unit. However, since the SAFMR is $800, there is a surplus of $200 above the SAFMR. In practice, landlords often cannot charge more than the SAFMR for a Section 8 tenant, so they might need to adjust their expectations or consider the additional $100 utility allowance as a benefit.
In summary, for a two-bedroom apartment in ZIP 65035, the typical reimbursement from a Section 8 voucher is $550, plus $450 from the tenant, making $1,000. Given the SAFMR is $800, landlords will have a surplus of $200, but they should be aware that charging over the SAFMR is not typically allowed for Section 8 tenants.
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.