Location: Texas County, MO | Metro: Texas County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
U.S. Census Bureau data (2024)
In ZIP code 65570, the economics of Section 8 housing involve understanding the balance between the federal government's payment standards and the local rental market. The SAFMR (Section 8 Area Fair Market Rent) for a two-bedroom apartment in this ZIP is set at $1,320 per month for fiscal year 2026. This figure represents the maximum amount that the Housing Choice Voucher program will pay towards rent in this specific area.
The local market rent for a similar two-bedroom unit, according to Census ACS data, is slightly lower at $1,264 per month. However, landlords should be aware that the total reimbursement they receive from the Section 8 program includes more than just the base rent. The voucher also covers a portion of utilities, which can vary but typically adds around $150 to $200 to the monthly payment.
A landlord's actual reimbursement when a tenant uses a Section 8 voucher is calculated by adding the tenant's portion of the rent and any applicable utility allowances to the federal payment. The tenant's portion is generally 30% of their adjusted income, which must not exceed 40% of the area median income. For instance, if a tenant's adjusted income is $1,000, they would contribute approximately $300 towards the rent. This contribution, along with the utility allowance, completes the landlord's total reimbursement.
To illustrate, let’s assume the utility allowance is $175. In this scenario, the landlord would receive $1,320 from the government plus the $300 tenant contribution and the $175 utility allowance, totaling $1,795 per month. However, since the market rent is $1,264, this means the landlord would receive more than the market rate, resulting in a surplus.
The typical reimbursement gap or surplus in ZIP 65570 for a two-bedroom unit is a surplus of $531 per month ($1,795 - $1,264 = $531). This surplus indicates that landlords participating in the Section 8 program for a two-bedroom apartment in this ZIP code would earn above the average market rent.
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.