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 | $740 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,390 | $258,503 | 0.54% | F |
| 4BR | $1,670 | $314,070 | 0.53% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 65336 is set at $980 for the metro area fiscal year 2026. This figure represents the payment standard for landlords participating in the Section 8 program, meaning it's the amount the government will pay toward the rent of eligible tenants. It's important to note that this isn't your actual rent; it's the maximum subsidy the government will provide.
To put this into perspective, the local Zillow Rent Index (ZORI) for the same area is $1,058. This means that while the government will subsidize up to $980 per month, you can charge a little more if you wish, but the tenant will have to cover the difference out-of-pocket. The disparity between the FMR and the local ZORI suggests there could be some financial pressure on tenants, so ensure they have additional income sources to cover the excess.
The 36.0% renter share indicates that nearly one-third of the population in ZIP 65336 rents their homes. This percentage reflects a substantial demand for rental properties, making it a viable market for landlords. However, it also means competition among landlords for tenants can be fierce.
If you're considering acquiring a property in this area, the median home value is approximately $269,604. This figure should be used as a benchmark when evaluating potential investment opportunities. Keep in mind that this doesn't include any necessary renovations or repairs to meet Section 8 standards, which could add to the initial costs.
Before you decide to enter the Section 8 market, verify that the property meets all local and federal housing quality standards. These requirements are stringent and designed to ensure safe, decent living conditions for tenants. Non-compliance can result in reduced payments or even removal from the program.
In summary, the FMR of $980 provides a clear guideline for the subsidy you'll receive, while the local ZORI of $1,058 gives insight into the actual rent levels. With a 36.0% renter share, demand for rentals is strong, but you must be prepared to invest around $269,604 for a typical property. Ensure your property complies with all relevant standards to avoid complications once you're in the program.
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.