Location: Miller County, MO | Metro: Jefferson City, MO 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 | $730 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $224,544 | 0.43% | F |
| 3BR | $1,330 | $329,039 | 0.4% | F |
| 4BR | $1,540 | $379,153 | 0.41% | F |
U.S. Census Bureau data (2024)
Russellville, MO, located in Moniteau County, stands out among other ZIP codes due to its unique demographic and economic profile. With a total population of 2,936 residents, it has a relatively low rental rate of 12.7%, indicating that most residents own their homes. The median income in Russellville is $74,464, which is above the national average, suggesting a financially stable community. Additionally, the median home value is $312,883, reflecting a higher property valuation compared to many rural areas.
The dynamics of the housing market in ZIP 65074 are further illuminated by examining the Section 8 voucher economics. The Fair Market Rent (FMR) for ZIP 65074 in fiscal year 2024 is set at $800. However, the market rent, as per the Census American Community Survey, is only $731. This indicates that landlords participating in the Section 8 program can expect slightly higher rents than the current market conditions, potentially making the ZIP code an attractive option for those willing to accept vouchers.
Based on the available data, Russellville appears to be a stable ZIP code. The combination of a higher median income and median home value suggests a community that is financially secure and likely to remain so. While the rental market is not as active as in urban areas, the slight premium offered by the Section 8 FMR over the market rent provides a modest incentive for landlords to participate in the program. Overall, the data signature points towards a stable environment, with little indication of significant transitional changes.
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.