Section 8 Fair Market Rent (FMR) for ZIP 65075 - 2027
Location: Miller County, MO | Metro: Miller County, MO
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $730 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$87,431
To determine if a landlord should buy in ZIP code 65075 for Section 8 purposes, follow this decision tree:
- Does FMR $910 (metro FY 2026) clear debt service on a $344,367 property?
- If yes: The Fair Market Rent (FMR) of $910 is sufficient to cover the debt service on a property valued at $344,367. This means that the rental income can support the mortgage payments and other costs associated with owning the property.
- If no: The FMR of $910 does not clear the debt service on a $344,367 property. This would make it difficult to break even or generate profit from a Section 8 property in this area.
- Is market rent N/A (N/A) above, at, or below FMR?
- If market rent is above FMR: Landlords might consider supplementing their income with private tenants who pay higher rates. However, since the market rent data is currently unavailable, this cannot be confirmed.
- If market rent is at or below FMR: Relying solely on Section 8 rents would be feasible without needing to find tenants willing to pay more than the FMR.
- Are 5.8% renters + N/A-day DOM enough demand?
- If the Days on Market (DOM) is low: With 5.8% of residents being renters and a short DOM, there is likely enough demand to fill vacancies quickly. This supports the viability of investing in Section 8 properties.
- If the DOM is high: A high DOM suggests that properties take longer to rent out, which could indicate lower demand. In this case, landlords must weigh the potential risks against the benefits of Section 8 investment.
The decision ultimately hinges on the answers to these questions. If FMR clears debt service and there's sufficient tenant demand, then the answer is yes. Otherwise, it depends on additional factors such as the landlord's risk tolerance and market conditions.
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.