Location: Randolph County, MO | Metro: Monroe County, MO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $760 | $66,891 | 1.14% | B |
| 2BR | $990 | $100,766 | 0.98% | C |
| 3BR | $1,370 | $191,751 | 0.71% | D |
| 4BR | $1,600 | $250,077 | 0.64% | D |
| 5BR | $1,856 | $320,954 | 0.58% | F |
U.S. Census Bureau data (2024)
Randolph County's ZIP code 65270, encompassing Moberly, MO, stands out among other areas due to its unique demographic and economic characteristics. With a population of 16,612 residents, it has a rental rate of 34.9%, which is slightly above the national average. The median income in this area is $48,351, reflecting a modest economic base. Notably, the median home value is $158,490, indicating a relatively affordable housing market.
The voucher economics in ZIP 65270 present a favorable opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $910, while the current market rent, according to Census ACS data, is $774. This discrepancy means that landlords can expect a higher rent payment through Section 8 vouchers compared to the typical market rate, thus potentially increasing their profit margins.
When assessing the overall stability of ZIP 65270, the data suggests a transitional environment. The modest median income and the slight premium in FMR over market rent indicate an area where economic conditions are evolving. As such, landlords should be prepared for fluctuations in tenant demand and market dynamics. However, the current economic setup offers a solid foundation for investment, particularly in rental properties, given the higher voucher rates.
To summarize, ZIP 65270 in Moberly, MO, presents a viable opportunity for those interested in Section 8 rentals. The combination of a slightly above-average rental rate and a higher FMR compared to the market rent provides a compelling case for investment. Despite being in a transitional phase, the area remains attractive due to its manageable median income levels and affordable median home values.
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.