Location: Stone County, MO | Metro: Barry 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 | $700 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $980 | $240,012 | 0.41% | F |
| 3BR | $1,340 | $336,970 | 0.4% | F |
U.S. Census Bureau data (2024)
910 is the Fair Market Rent (FMR) for ZIP 65624 in Cape Fair, MO, for fiscal year 2026, indicating the maximum amount a Section 8 tenant can pay for rent in this area. The median home value in Cape Fair stands at $316,398, providing a clear benchmark for property values. With a renter share of 9.5%, it's evident that nearly one in ten residents are renters, suggesting a moderate demand for rental properties. The median income of $61,995 reflects the financial capacity of local residents, which is important for assessing the viability of rental investments. While the days on market (DOM) and price-cut share are not available, the lack of significant price adjustments (0.2%) suggests that the market is stable and properties are generally selling close to their listed prices.
The FMR of $910 sets a limit for rental income, but when compared to the median home value, it becomes clear that there is potential for profit in acquiring and renting out homes in this ZIP code. However, the relatively low median income could pose challenges for attracting tenants who qualify for Section 8 assistance, as their rental payment would be capped at $910. This means landlords must ensure their properties meet the criteria for lower rents to remain competitive and attract eligible tenants.
In conclusion, Cape Fair, MO offers a stable real estate market with moderate demand for rentals. Landlords should focus on properties that can be rented for around $910 or less to effectively participate in the Section 8 program. The verdict for Section 8 participation in ZIP 65624 is positive, given the stability and reasonable property values, but careful consideration of the local income levels is essential for success.
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.