Location: Montgomery County, MO | Metro: St. Louis, MO-IL 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 | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $225,299 | 0.45% | F |
| 3BR | $1,410 | $276,084 | 0.51% | F |
| 4BR | $1,450 | $342,366 | 0.42% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $900 for ZIP code 65041 in fiscal year 2024, landlords can expect to align their rental pricing with federal guidelines, ensuring eligibility for tenants receiving Section 8 assistance. The Census Bureau reports a market rent of $816, indicating that properties priced at the FMR level are competitive and likely to attract tenants. At a median home value of $256,925, investment in single-family homes or similar residential units offers a stable asset base, supported by the local housing market. Given that 20.5% of the population are renters, there is a substantial demand for rental properties, which landlords can leverage to maximize occupancy rates. The median income of $70,368 suggests that tenants have sufficient financial capacity to meet rental obligations, reducing the risk of default. Although the average days on market (DOM) is not available, the low price-cut share of 0.1% indicates that properties in this area are generally well-priced and sell without significant reductions. This combination of factors makes ZIP 65041 an attractive market for landlords and small-portfolio investors seeking to capitalize on Section 8 opportunities.
The verdict for Section 8 in ZIP 65041 is positive, with a strong alignment between federal rental standards and local market conditions, ensuring both tenant eligibility and property profitability.
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.