Location: Phelps County, MO | Metro: Crawford County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 65449 operate under specific guidelines that impact both landlords and tenants. For a two-bedroom rental unit in this ZIP, the applicable SAFMR (Small Area Fair Market Rent) for fiscal year 2026 is set at $910. This figure represents the maximum amount that the housing authority will pay towards a tenant's rent, assuming the property meets all eligibility criteria.
To understand what a voucher actually pays, consider the components of the reimbursement. Tenants are required to contribute a portion of their income towards the rent, typically around 30%. If we assume an average tenant income that would result in a contribution of about $273 based on the SAFMR of $910, the remaining amount is covered by the voucher. However, the actual reimbursement can vary depending on the tenant's income and the specific terms of the voucher program.
In addition to the base rent, utility allowances also play a role in the total reimbursement. These allowances are designed to help cover the costs of utilities such as electricity, gas, water, and sewage. The exact amount varies but is generally around $200-$300 per month, depending on the local cost of living and the specific utility needs of the property.
Combining the tenant's contribution and the utility allowance, the total reimbursement for a two-bedroom rental unit could be calculated. Assuming a utility allowance of $250, the total reimbursement would be approximately $1163 ($273 tenant contribution + $910 SAFMR + $250 utility allowance).
However, it's important to note that the local market rent for 65449 is currently not available, which makes it difficult to provide a precise comparison between the market rates and the SAFMR. This lack of data means landlords must rely on the SAFMR to determine if a Section 8 voucher will adequately cover their expenses.
Given the SAFMR of $910, landlords should expect a reimbursement gap or surplus depending on their actual market rent. If the market rent exceeds $910, there will be a gap that the landlord must either absorb or negotiate with the tenant. Conversely, if the market rent is below $910, landlords will receive a surplus beyond the tenant's contribution and utility allowance.
For a clearer picture of the reimbursement gap or surplus, landlords would need to consult local real estate listings or recent rental agreements to compare against the $910 SAFMR. Without specific market rent data, it's impossible to quantify the exact gap or surplus, but the SAFMR provides a benchmark for understanding the economic realities of Section 8 rentals in 65449.
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.