Section 8 Fair Market Rent (FMR) for ZIP 65409 - 2027

FY 2027 Fair Market Rent Rates

The housing market data for ZIP 65409, MO, provides additional context to the initial analysis. According to Redfin, the climate and environmental factors in 65409 are noteworthy, with a moderate risk of flooding and a high risk of wildfire. Specifically, 11% of properties are at risk of severe flooding over the next 30 years, while 97% of properties have some risk of being affected by wildfire. These factors can influence both the yield and stability of the market.

In terms of yield, the Fair Market Rent (FMR) for the metro area including ZIP 65409 is $930 for fiscal year 2026. However, Redfin's data indicates that there is no specific market rental rate or median home value provided for ZIP 65409. This makes it difficult to determine the exact yield potential without further local data.

Regarding stability, the lack of data on the percentage of renters and days on market (DOM) still poses challenges. However, the high risk of wildfire and moderate risk of flooding suggest that stability might be compromised due to potential property damage and insurance costs. Landlords and investors must consider these risks when evaluating the long-term viability of properties in this area.

Classification: Based on the available data, ZIP 65409 appears to be a moderately stable market with uncertain yield potential. The environmental risks indicate that it may not be a high-stability zone, but without specific market rental rates and median home values, a precise classification is still pending. Investors should proceed with caution and seek additional local insights to better understand the balance between yield and stability in this market.

Data Sources: FMR data from HUD (2027).

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.