Section 8 Fair Market Rent (FMR) for ZIP 65038 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$810
2 Bedrooms	$960
3 Bedrooms	$1,260
4 Bedrooms	$1,260
5 Bedrooms	$1,462
6 Bedrooms	$1,637
7 Bedrooms	$1,768
8 Bedrooms	$1,856

Based on the available data, ZIP code 65038, located in Laurie, Missouri, presents a unique investment landscape. The median age in this neighborhood is 53.6 years old, indicating a mature demographic. Unfortunately, specific figures for the population, percentage of renters, median income, and median home value were not found in the latest datasets, which limits our ability to provide a comprehensive financial analysis.

The Fair Market Rent (FMR) for ZIP code 65038 is set at $890 for the fiscal year 2026, based on HUD's guidelines for the metro area. However, without current market rent data, it's challenging to assess how competitive this figure is against local private rentals. For a landlord or small-portfolio investor considering Section 8 properties in this area, understanding the gap between FMR and actual market rents would be crucial.

Given the lack of detailed economic data, it's difficult to definitively state whether this area suits a hands-off voucher operator or requires a hands-on approach to add value. Typically, areas with stable demographics and a significant portion of renters benefit from hands-off management. Conversely, neighborhoods with fluctuating market conditions might necessitate active management to maximize returns. To make an informed decision, further investigation into the local rental market dynamics and tenant demand would be advisable.

For potential investors, the next step should involve reaching out to local real estate agents or conducting a deeper market analysis to uncover these missing details. This will help in evaluating the true potential of Section 8 investments within ZIP code 65038.

Data Sources: FMR data from HUD (2027).

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.