Section 8 Fair Market Rent (FMR) for ZIP 65211 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 65211, located in Missouri, is a region that offers a unique opportunity for real estate investors, particularly those interested in the Section 8 housing market. The area's rental market dynamics, influenced by factors such as the Fair Market Rent (FMR) and the percentage of renters, provide insights into potential investment strategies.

• The Fair Market Rent (FMR) for ZIP 65211 for fiscal year 2024 is set at $1040. This figure represents the maximum amount a Section 8 tenant can pay for rent, which is crucial for landlords looking to participate in the program.
• The market rent for the area is currently N/A. This lack of data suggests either a limited supply of rental properties or insufficient reporting to establish a reliable average.
• The median home value in ZIP 65211 is also listed as N/A. This absence of data could indicate a predominantly rental-focused market or a lack of comprehensive housing data.
• The percentage of residents who are renters in this ZIP code is N/A. Without this statistic, it's challenging to gauge the overall demand for rental properties in the area.
• The Days on Market (DOM) for the area is N/A. This metric would typically help investors understand how quickly properties are being rented out, but its absence here leaves this aspect unclear.
• The median household income for ZIP 65211 is N/A. This missing information makes it difficult to assess the financial stability of potential tenants and the general economic health of the area.

Given the available data, ZIP 65211 presents a viable option for Section 8 landlords due to the established FMR of $1040. However, the lack of specific metrics such as market rent, median home value, renter share, DOM, and median income introduces uncertainty. Investors should proceed with caution, focusing on the FMR as a key anchor while seeking additional local insights to mitigate risks associated with incomplete data.

Data Sources: FMR data from HUD (2027).

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.