Section 8 Fair Market Rent (FMR) for ZIP 65284 - 2027

Location: Audrain County, MO | Metro: Columbia, MO HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$910
2 Bedrooms	$1,050
3 Bedrooms	$1,420
4 Bedrooms	$1,680
5 Bedrooms	$1,949
6 Bedrooms	$2,183
7 Bedrooms	$2,358
8 Bedrooms	$2,476

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,316

Median Household Income

$97,434

Housing Units

1,095

Renter Percentage

21.5%

Occupancy Rate

84.7%

Renter Occupied

199

Housing Authorities Serving ZIP 65284

Housing Authority of the City of Columbia, MO (Columbia, MO) - 1,902 Section 8 vouchers
Boone County Public Housing Agency (Columbia, MO) - 592 Section 8 vouchers
Housing Authority of the City of Mexico (Mexico, MO) - 154 Section 8 vouchers
Housing Authority of the City of Vandalia (Vandalia, MO)

The town of Sturgeon, Missouri, located in ZIP code 65284, offers a stable real estate market with opportunities for both landlords and small-portfolio investors. Nestled in the heart of Missouri, it provides a quiet suburban environment close to urban amenities, making it attractive for renters and homeowners alike.

The Fair Market Rent (FMR) for ZIP 65284 in fiscal year 2024 is set at $870. This figure represents the maximum amount that a landlord can charge for a rental property under the Section 8 program, ensuring a predictable income stream for investors participating in this program.
The market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at $856. This closely aligns with the FMR, indicating that the local rental market is well-calibrated with federal housing guidelines.
The median home value in the area is $346,239, reflecting a moderate cost of entry for those looking to invest in single-family homes or multifamily properties.
Renters make up 21.5% of the population, suggesting a modest but steady demand for rental properties. While this percentage is lower than in many urban areas, it still supports a viable rental market.
The median income of residents is $97,434, which is above the national average. This higher income level can contribute to a better ability to pay rent on time and maintain properties.
The Days on Market (DOM) statistic is currently unavailable, which means there is no recent data on how quickly properties are selling or renting. However, given the alignment between FMR and market rent, it is likely that the market remains relatively stable and efficient.

In summary, Sturgeon, MO, presents a balanced real estate investment opportunity with moderate home values and a stable rental market. The high median income supports timely rent payments and property maintenance, while the slight majority of residents owning their homes indicates a preference for homeownership, though still leaving a significant portion of the market for rental properties. For investors, particularly those interested in the Section 8 program, the consistent FMR and market rent figures provide a reliable benchmark for pricing and managing rental properties. Despite the lack of recent DOM data, the overall economic indicators suggest a steady and predictable market, suitable for long-term investment strategies.

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.