Location: Pettis County, MO | Metro: Cooper County, MO HUD Metro FMR Area
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 | $800 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $259,351 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP code 65350, located within the Pettis County, MO metro, has a Family Monthly Rent (FMR) of $820 for fiscal year 2024. The lack of market rent data for this ZIP suggests that it may not have been extensively studied for rental trends, but we can infer some insights based on available information.
The median home value in ZIP 65350 is $254,517. This figure is likely indicative of a mid-tier neighborhood within the Pettis County, MO metro, where property values tend to be moderate. For comparison, typical ZIP codes within the county might have home values ranging from around $150,000 to $300,000, placing 65350 squarely in the middle of this range.
The renter share in ZIP 65350 is 21.3%. This percentage is slightly above the average for many ZIP codes in the county, which could suggest a higher demand for rentals. However, without specific data on the overall renter share for Pettis County, it's difficult to make a precise comparison.
A notable divergence is the combination of a defined FMR at $820 with a relatively modest home value. This characteristic often points to a Section 8 sweet spot, where the rental assistance program can effectively support tenants. In such areas, landlords can expect a steady stream of potential tenants who qualify for housing assistance, making it a valuable market for those interested in Section 8 properties.
Given the FMR and the median home value, ZIP 65350 appears to be a value pocket within the Pettis County, MO metro. Landlords and small-portfolio investors should consider this ZIP code as a strategic area for investment, especially if they are looking to cater to tenants receiving rental assistance through Section 8 programs. The presence of a significant renter population alongside affordable home values makes it an attractive option for those seeking stable occupancy rates.
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.