Section 8 Fair Market Rent (FMR) for ZIP 65278 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 65278, located in Missouri, is a suburban area characterized by a mix of residential neighborhoods and rural landscapes. This region offers a stable environment for both long-term residents and new investors looking to enter the real estate market.

• Fair Market Rent (FMR): The FMR for the metro area including ZIP 65278 is set at $900 for fiscal year 2026, indicating the government's benchmark for rental pricing.
• Market Rent: According to the latest Census ACS data, the average market rent in ZIP 65278 stands at $1,344, which is higher than the FMR and suggests that private rentals command a premium.
• Renter Share: Approximately 21.7% of the population in ZIP 65278 are renters, showing a significant but not overwhelming demand for rental properties.
• Median Income: The median household income in the area is $45,625, providing insight into the economic profile of potential tenants and buyers.
• Days on Market (DOM): Data regarding the typical days a property stays on the market before selling is currently unavailable, making it difficult to assess the speed of transactions in this area.
• Median Home Value: There is no available data on the median home value for ZIP 65278, which could be due to a lack of recent sales data or a low volume of home sales.

Investors in ZIP 65278 can expect a modest but steady rental market, given the discrepancy between the Fair Market Rent and the actual market rents. With a renter share of 21.7%, there is a notable segment of the population seeking rental properties, though this percentage is relatively moderate compared to urban centers. The median income figure suggests that tenants might be sensitive to price changes, necessitating competitive pricing and quality management to attract and retain them. The absence of data on median home values and days on market indicates a need for further research into local real estate trends to fully understand the investment landscape. Overall, the area presents opportunities for landlords and small-portfolio investors who are willing to engage in thorough market analysis and maintain high standards in property management.

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.