Section 8 Fair Market Rent (FMR) for ZIP 65457 - 2027
Location: Pulaski County, MO | Metro: Pulaski County, MO
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $880 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$72,940
To determine if a landlord should invest in ZIP code 65457 for Section 8 properties, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $1,100 cover the debt service on a property?
- If $1,100 does not cover the debt service, the answer is No. Do not purchase a property here for Section 8 tenants as the rental income will not be sufficient to meet financial obligations.
- If $1,100 covers the debt service, proceed to the next question.
- 2) Is the market rent above, at, or below the FMR of $1,100?
- If market rent is above $1,100, the answer is It Depends. Consider the vacancy rate and the number of days on market (DOM) before making a decision.
- If market rent is at or below $1,100, proceed to the next question.
- 3) Are the rental demand indicators sufficient? Specifically, do 0.0% of renters and N/A-day DOM indicate enough demand?
- If the percentage of renters is low (0.0%) and DOM is high (N/A days), the answer is No. There is insufficient demand for Section 8 properties in this area, making it a poor investment choice.
- If rental demand is robust despite the low percentage of renters and high DOM, the answer is Yes. The demand for affordable housing can still support a Section 8 property, especially if there are other factors driving occupancy such as proximity to public services or employment centers.
Note: The data indicates that there is currently no rental activity recorded in ZIP code 65457 that aligns with Section 8 criteria, which includes both the percentage of renters and the DOM figures. This lack of activity suggests a challenging environment for landlords seeking to capitalize on Section 8 tenancy.
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.