Location: Miller County, MO | Metro: Miller County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 65083 are governed by the SAFMR (Small Area Fair Market Rent) which sets the rental assistance rates for units based on specific geographic areas. For fiscal year 2026, the SAFMR for a two-bedroom apartment in this ZIP code is $920. This figure is crucial for landlords and small-portfolio investors as it dictates the maximum amount that can be reimbursed by the Housing Choice Voucher program, commonly known as Section 8.
A voucher payment typically covers the difference between the SAFMR and the tenant's portion of the rent, which is generally 30% of their adjusted income. Additionally, there are utility allowances that vary but are usually around $200 per month for a two-bedroom unit. To illustrate, if a tenant's monthly adjusted income is $1,500, their expected contribution towards rent would be $450 (30%). Therefore, the voucher would cover the remaining $470 of the $920 SAFMR, plus the utility allowance, making the total reimbursement to the landlord approximately $670 per month.
Note that the SAFMR of $920 applies specifically to this ZIP code, meaning it is tailored to the local rental market conditions rather than being a uniform rate across a broader metro or county area. This specificity helps ensure that the reimbursement rates are more reflective of actual market rents in the area.
However, the local market rent for a two-bedroom apartment in ZIP 65083 is currently unavailable. Without this data, it's challenging to determine the exact financial impact on landlords. If the market rent were higher than the SAFMR, landlords would face a reimbursement gap, meaning they'd receive less than the market rate. Conversely, if the market rent were lower, landlords might see a surplus, receiving more than they would in a non-voucher situation.
To conclude, the typical reimbursement for a two-bedroom voucher in ZIP 65083 is $670 when considering the tenant's contribution and utility allowances. Landlords should be aware of the potential reimbursement gap or surplus based on the comparison between the SAFMR and the actual market rents in the area.
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.