Location: Pulaski County, MO | Metro: Pulaski County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 65473 is set at $1,170 per month for the fiscal year 2026. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It's important to note that this does not equate to your actual rent; it's the maximum amount that the government will pay on behalf of eligible tenants.
In comparison, the average market rent for the area, according to recent Census American Community Survey (ACS) data, stands at $1,250 per month. This suggests that landlords can potentially charge slightly above the FMR, but the excess must be paid directly by the tenant. The difference between the FMR and the market rate indicates a modest premium you could charge, ensuring a reasonable profit margin while still providing affordable housing.
The high renter share of 99.7% in ZIP 65473 highlights strong demand for rental properties. Given this near-universal preference for renting over owning, there is a robust market for Section 8 rentals, making it likely that you'll find tenants quickly. However, the acquisition cost for properties in this area is listed as N/A, which implies that there may not be comprehensive data available on property purchase prices. This could mean that buying costs might vary widely depending on the specific property and its condition.
Before committing to a Section 8 rental in ZIP 65473, verify that the unit meets all HUD's minimum property standards. These standards ensure that the property is safe and habitable, and failure to comply can result in penalties or loss of voucher funding. This step is crucial for maintaining eligibility and avoiding costly issues down the line.
In summary, with an FMR of $1,170 and a market rent of $1,250, landlords in ZIP 65473 can expect to receive a competitive rental income while serving a highly motivated tenant pool. The key is to ensure compliance with HUD standards to protect your investment and maintain eligibility for the program.
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.