Location: Maries County, MO | Metro: Maries County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 65443 are governed by the SAFMR (Small Area Fair Market Rent) for a two-bedroom unit, which is set at $920 for fiscal year 2026. This figure represents the maximum amount that the Housing Choice Voucher program will pay towards rent for a two-bedroom apartment in this specific ZIP code. It's important to note that the local market rent for the area is currently unavailable, making it difficult to compare the SAFMR directly to the average rent prices.
A voucher payment consists of two parts: the subsidy paid by the government and the tenant's portion of the rent. The tenant is required to contribute 30% of their adjusted income towards rent. For example, if a tenant's adjusted monthly income is $1,000, they would need to pay $300 towards the rent. The remaining balance up to the SAFMR of $920 would be covered by the government subsidy.
In addition to the base rent, there are utility allowances that vary based on the size of the unit and the specific needs of the tenant. These allowances are designed to cover the cost of utilities such as electricity, gas, water, and sewage. However, without specific data on the utility allowances for ZIP 65443, we can only generalize that these allowances add a small additional amount to the total reimbursement.
To illustrate, let's assume a tenant has an adjusted income of $1,200 per month. They would be responsible for paying $360 (30%) towards the rent. If the government subsidy is $560, the total reimbursement would be $920, matching the SAFMR for a two-bedroom unit. In this case, the landlord receives $920, but must ensure that the tenant's portion plus the subsidy equals the total rent. If the rent exceeds $920, the landlord does not receive additional funds beyond the SAFMR.
Given the SAFMR of $920 and assuming the tenant's portion and utility allowances are accounted for, landlords in ZIP 65443 can expect to receive the full SAFMR amount for a two-bedroom rental. However, if the local market rent is higher than $920, landlords will face a reimbursement gap, meaning they won't receive enough from the voucher program to match market rates. Conversely, if the market rent is lower, landlords might see a surplus where the voucher program covers more than the going rate.
Without a direct comparison to the local market rent, it's impossible to quantify the exact reimbursement gap or surplus. Landlords should research the local rental market to determine if accepting Section 8 vouchers aligns with their financial goals.
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.