Location: Pettis County, MO | Metro: Johnson 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 | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $294,644 | 0.44% | F |
U.S. Census Bureau data (2024)
8.4% of the residents in ZIP code 65332 are renters, indicating a modest but present demand for rental properties. In this area, the Fair Market Rent (FMR) for Section 8 in the metro region for fiscal year 2026 is set at $890, which is notably lower than the $1,068 average market rent reported by the Census Bureau's American Community Survey (ACS). This discrepancy highlights the financial gap between what the government deems fair and the actual market conditions.
$276,325 is the median home value in ZIP 65332, suggesting a middle-class neighborhood where homeownership is accessible but not inexpensive. The median income of $66,750 supports this, showing that while the majority can afford housing, there remains a segment of the population that would benefit from the lower rents offered through Section 8 vouchers.
N/A is the figure given for the days on market (DOM) and the percentage of price-cut shares, which means we lack specific data to gauge how quickly properties sell and whether sellers often have to reduce their asking prices. However, the absence of these figures does not necessarily indicate poor performance; it could simply mean that the data is not available or that sales activity is stable enough that significant price adjustments are rare.
Despite the lack of detailed market performance metrics, the difference between the FMR and market rent suggests a viable opportunity for landlords and small-portfolio investors in ZIP 65332. By participating in the Section 8 program, landlords can secure tenants willing to pay up to $890 per month, a figure well below the market rate but still offering a predictable income stream.
The verdict for Section 8 in ZIP 65332 is positive, especially for those looking to stabilize their cash flow with a government-backed rental assistance program. However, investors should be aware of the potential challenges such as regulatory compliance and tenant turnover rates, which are not reflected in the provided statistics.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.