Location: Gasconade 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 | $740 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $168,475 | 0.59% | F |
| 3BR | $1,380 | $246,295 | 0.56% | F |
| 4BR | $1,410 | $305,008 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 65066, located in Owensville, Missouri, within the Gasconade County metro, presents a unique profile when compared to typical ZIP codes in the same county. With a Fair Market Rent (FMR) of $990 for fiscal year 2024, it stands above the market rent figure of $728. This suggests that while the government sets a higher benchmark for rental costs, the actual market in ZIP 65066 is somewhat more affordable.
The median home value in ZIP 65066 is $232,425, which is likely lower than the average home values found in other parts of the Gasconade County metro. This indicates that the area may be more accessible to first-time homebuyers or those looking for a more budget-friendly option.
A notable feature is the 23.6% share of renters in ZIP 65066, which is a significant portion but still below the national average. This relatively high renter share, combined with the below-metro home values, could signal an opportunity for landlords and small-portfolio investors interested in properties that cater to a mix of renters and homeowners.
Given the data, ZIP 65066 appears to be a value pocket within the Gasconade County metro. The lower home values and slightly elevated FMR compared to the market rent suggest a niche where rental properties can offer competitive rates while still being within the government's affordability guidelines. This makes it attractive for investors looking for areas where rental income is supported by government programs such as Section 8, yet the property costs remain reasonable.
However, without comparative data on other ZIP codes within Gasconade County, we cannot definitively state the exact positioning of ZIP 65066 against all other areas. It does, however, present characteristics that align well with being a value pocket, offering a balance between accessibility and potential rental support through government programs.
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.