Section 8 Fair Market Rent (FMR) for ZIP 65051 - 2027

Location: Gasconade County, MO | Metro: Jefferson City, MO HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,487

Median Household Income

$53,289

Housing Units

2,358

Renter Percentage

35.7%

Occupancy Rate

80.6%

Renter Occupied

679

The town of Linn, located in the heart of Missouri, offers a stable and modest living environment for both residents and investors. With a population that appreciates affordable housing options, the real estate market here is characterized by a blend of homeowners and renters. This analysis delves into the specifics of the market conditions in ZIP code 65051, providing insights for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a one-bedroom apartment in ZIP 65051 for fiscal year 2024 is set at $800, indicating the government's benchmark for affordable rental rates.
The average market rent for properties in the area, according to Census ACS data, stands at $620, which is lower than the FMR, suggesting a competitive market where rents are driven by supply and demand rather than regulatory standards.
The median home value in Linn, MO is $243,995, reflecting a relatively affordable market for potential homeownership investments.
Renters make up 35.7% of the local housing market, showing a significant portion of the population prefers leasing over buying, which can be advantageous for rental property owners.
The median income in the area is $53,289, providing insight into the financial capacity of the local residents to afford housing costs.
The Days on Market (DOM) for properties is not available, but given the other data points, it suggests a balanced market where neither buyers nor sellers have overwhelming leverage.

Synthesizing these points, Linn, MO presents a viable investment opportunity for those interested in the rental market. The discrepancy between the FMR and actual market rent indicates room for growth in rental prices without exceeding what the majority of residents can afford. With a substantial renter share and median incomes aligning well with housing costs, there is a solid foundation for maintaining occupancy rates and achieving steady returns. However, the lack of DOM data means investors should carefully consider the local dynamics to ensure they are making informed decisions about the timing and pricing of their investments.

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.