Location: Texas County, MO | Metro: Shannon County, MO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $230,195 | 0.54% | F |
U.S. Census Bureau data (2024)
A household in ZIP code 65571, earning the median income of $60,040, faces significant challenges in affording the market rate rent of $493. This figure represents the average cost based on Census ACS data, which is notably lower than the Fair Market Rent (FMR) set at $890 for metro areas in fiscal year 2026. The discrepancy between the median income and the market rate rent suggests that many residents in this area are already paying a substantial portion of their earnings towards housing.
The affordability gap is further highlighted when comparing the market rate to the FMR. A household would need to pay nearly double the market rate ($890) to meet the voucher payment standard, indicating that the majority of renters in ZIP 65571 cannot afford the FMR without assistance. Given that 28.9% of the 1,762 population are renters, this means there are approximately 507 renters who might struggle to find affordable housing options on their own.
This situation has implications for landlord competition. With many renters needing financial aid to cover the higher costs associated with the FMR, landlords who accept Section 8 vouchers could attract a steady stream of tenants. However, those who rely solely on cash-paying tenants may face a smaller pool of potential renters willing or able to pay the higher rates.
The takeaway for landlords considering voucher versus cash-pay strategies is clear. Accepting Section 8 vouchers provides access to a larger pool of tenants who are financially supported to meet the higher FMR standards. While it may involve navigating government regulations, it ensures a consistent rental income and reduces vacancy risks in an area where many households cannot afford the FMR on their own. For landlords focused on cash-pay strategies, it is essential to offer competitive pricing and amenities to appeal to the limited number of renters capable of paying above the market rate without assistance.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.