Location: Callaway County, MO | Metro: Callaway County, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
In ZIP code 65080, the economics of Section 8 housing are straightforward. The SAFMR (Section 8 Area Fair Market Rent) for a two-bedroom apartment is set at $960 per month for fiscal year 2024. This figure is specific to this ZIP code, meaning it's tailored to reflect local rental market conditions.
The SAFMR does not directly represent the local market rent, which is currently unavailable. However, it serves as the benchmark for determining the maximum amount that a landlord can receive under the Section 8 program. When a tenant uses a voucher, they are responsible for paying a portion of the rent themselves, typically around 30% of their adjusted income, while the remaining 70% is covered by the government up to the SAFMR limit.
To illustrate, if a tenant's portion of the rent is $288, the government will pay the difference between that amount and the SAFMR. For a two-bedroom apartment, this would mean the government reimburses the landlord up to $672 ($960 - $288). Additionally, the voucher includes utility allowances, which vary but generally add a few hundred dollars to the monthly reimbursement. These allowances cover electricity, gas, water, and sometimes other utilities, ensuring that tenants can afford basic living expenses.
Landlords should note that the actual reimbursement received depends on the tenant's portion of the rent. If the tenant's share plus the utility allowance exceeds the SAFMR, the landlord receives the full SAFMR amount. Conversely, if the total falls below the SAFMR, the landlord only gets the calculated sum. In ZIP 65080, given the SAFMR of $960, landlords can expect a reimbursement gap or surplus based on the tenant's income and the utility costs.
Typically, the reimbursement gap for a two-bedroom unit in this ZIP code is around $288 per month, assuming the tenant pays the standard 30%. This gap represents the difference between the SAFMR and the combined tenant payment and utility allowance. Landlords must be aware of this gap when considering participation in the Section 8 program, as it impacts their net income from renting out properties under this scheme.
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.