Location: Miller County, MO | Metro: Camden County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The ZIP code 65047 stands out in County XX with its unique data profile. It has a relatively small population of 1,445 residents, with 50.5% of them renting their homes. The median income for this area is $53,750, and the median home value is notably high at $277,192. This combination suggests a community where homeownership is valued but also where rental properties play a significant role in housing.
When it comes to Section 8 vouchers, the economic dynamics become particularly interesting. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890. However, the average market rent, according to Census ACS data, is only $363. This substantial gap between the FMR and the actual market rent means that landlords who accept Section 8 vouchers can potentially receive significantly higher rents than those offered in the open market. For instance, a landlord could see an increase of over $500 per month, which can be a compelling reason to participate in the program.
The data signature for ZIP 65047 reads as "stable." With a median home value that is well above the national average, and a median income that supports both homeownership and rental living, the area appears to have a solid foundation. The high percentage of renters indicates a strong demand for affordable housing options, making Section 8 vouchers a valuable tool for landlords looking to capitalize on this need. While the small population size might suggest limited potential, the high disparity between FMR and market rent provides a clear incentive for landlords to consider accepting vouchers.
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.