Section 8 Fair Market Rent (FMR) for ZIP 65079 - 2027

Location: Morgan County, MO | Metro: Camden County, MO

Investment Score for ZIP 65079

Monthly Rent (2BR)

$1,540

Median Price (2BR)

$296,263

1% Rule

0.52%

Annual Yield

6.24%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,140
1 Bedroom	$1,190
2 Bedrooms	$1,540
3 Bedrooms	$2,130
4 Bedrooms	$2,360
5 Bedrooms	$2,738
6 Bedrooms	$3,067
7 Bedrooms	$3,312
8 Bedrooms	$3,478

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,540	$296,263	0.52%	F
3BR	$2,130	$442,809	0.48%	F
4BR	$2,360	$719,815	0.33%	F
5BR	$2,738	$1,386,946	0.2%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,385

Median Household Income

$70,024

Housing Units

6,443

Renter Percentage

6.8%

Occupancy Rate

35.4%

Renter Occupied

156

If a landlord is considering purchasing a property in ZIP code 65079 (Sunrise Beach, MO) for Section 8 investment, they must evaluate several factors to make an informed decision. The first step is to determine if the Fair Market Rent (FMR) of $1,260 for the metro area in fiscal year 2026 can cover the debt service on a property valued at $382,501. To do this, calculate the monthly mortgage payment and compare it against the FMR.

If the FMR of $1,260 does not cover the monthly mortgage payment, the answer is No. There would not be sufficient income to support the debt service, making the investment unprofitable under Section 8 guidelines.

If the FMR of $1,260 does cover the monthly mortgage payment, proceed to the second question: Is the market rent of $1,221 (as per the Census ACS) above, at, or below the FMR?

If the market rent is below the FMR, the answer is Yes. This indicates that Section 8 tenants can pay more than what the market demands, providing a buffer against potential losses.

If the market rent is at or above the FMR, consider the third factor: the percentage of renters and the days on market (DOM).

In ZIP 65079, 6.8% of residents are renters, and the average DOM is 39 days. These figures suggest moderate demand. If the landlord finds that these numbers provide enough tenant interest to fill vacancies quickly, the answer is It Depends.

To clarify further:

Yes: If the FMR covers debt service, market rent is below FMR, and there is confidence in finding tenants within the DOM period.
No: If the FMR does not cover debt service or if the landlord believes the rental demand is insufficient based on the DOM and renter percentage.
It Depends: If the FMR covers debt service and market rent is at or above FMR, but the landlord is uncertain about the rental market's ability to sustain occupancy levels given the DOM and renter percentage.

The final decision will hinge on the landlord's risk tolerance and the specific financial details of the property in question, including the exact monthly mortgage payment and any additional costs such as maintenance, insurance, and property taxes.

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.