Location: Miller County, MO | Metro: Camden County, MO
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 | $910 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $228,043 | 0.54% | F |
| 3BR | $1,680 | $344,601 | 0.49% | F |
| 4BR | $1,830 | $595,533 | 0.31% | F |
| 5BR | $2,123 | $894,123 | 0.24% | F |
U.S. Census Bureau data (2024)
The market in ZIP 65049, encompassing Lake Ozark, Missouri, is clearly in motion, reflecting a dynamic interplay between supply and demand. The Fair Market Rent (FMR) stands at $1,020, set for the fiscal year 2026, while the actual market rent is slightly higher at $1,101. This indicates that the rental market is robust, with rents exceeding the government's benchmark for affordability.
A key indicator of the market's direction is the 0.2% price-cut share, suggesting that very few listings are being reduced in price. This low percentage implies strong demand, as landlords and property owners do not need to lower their asking rents to attract tenants. Additionally, the Days on Market (DOM) figure of 71 days shows that properties are generally moving quickly once listed, further supporting the notion of a market where demand is high relative to supply.
The median home value in the area is $333,481, which could be seen as an entry point for homeownership but also highlights the investment potential for those looking to enter the rental market. With a 21.0% renter share, it's evident that a significant portion of the population prefers renting over buying, indicating long-term housing pressure and a steady demand for rental properties.
The snapshot of the rental market in ZIP 65049 reveals a scenario where demand is likely outpacing supply. Landlords and small-portfolio investors should take note of these dynamics, understanding that there is a consistent demand for rental units, particularly as the median home value suggests that homeownership may be less accessible to some residents. This environment supports the idea that rental properties can maintain their value and occupancy rates, making it a viable market for investment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.