Section 8 Fair Market Rent (FMR) for ZIP 65322 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$870
1 Bedroom	$920
2 Bedrooms	$1,210
3 Bedrooms	$1,610
4 Bedrooms	$1,740
5 Bedrooms	$2,018
6 Bedrooms	$2,260
7 Bedrooms	$2,441
8 Bedrooms	$2,563

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The search results did not provide specific data for ZIP 65322 in Saline County, MO. However, based on the provided information about median home value ($273,525), median income ($73,250), and the fact that the Fair Market Rent (FMR) for a $1000 Section 8 voucher is higher than the market rent ($883) for FY 2024, we can analyze how ZIP 65322 fits into a Section 8 portfolio strategy.

ZIP 65322 serves as a cash-flow anchor within a Section 8 portfolio strategy. This classification is supported by the significant spread between the FMR and the market rent. The FMR for a $1000 Section 8 voucher in this ZIP code exceeds the actual market rent of $883, indicating a stable and reliable source of income for landlords. This financial buffer ensures that even if the Section 8 payment is delayed or there are other unforeseen issues, the landlord can still maintain positive cash flow.

The median home value of $273,525 suggests that properties in ZIP 65322 are relatively affordable compared to other areas. This makes it easier for tenants to find suitable housing and increases the likelihood of occupancy stability. Additionally, the median income of $73,250 indicates a moderate economic environment where a substantial portion of residents may qualify for Section 8 assistance, further supporting the demand for subsidized housing.

With a 11.1% renter share, ZIP 65322 offers diversification opportunities within a broader investment portfolio. Landlords can balance their investments between owner-occupied and rental properties, leveraging the stability of Section 8 tenants in this ZIP code while also considering other investment strategies.

In conclusion, ZIP 65322 is best suited as a cash-flow anchor in a Section 8 portfolio strategy due to the favorable spread between FMR and market rent. This allows landlords to secure steady income and manage risks effectively, ensuring long-term financial stability.

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.