Location: Ozark County, MO | Metro: Douglas County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 65637, as determined by the Department of Housing and Urban Development (HUD), is set at $890 for the fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, which means that if you participate in the Section 8 program, HUD will pay up to this amount on behalf of eligible tenants. However, it's important to note that this is not your rent; rather, it's the maximum amount that can be subsidized.
To put this into context, the average rent in ZIP 65637 is currently $738, according to recent Census American Community Survey (ACS) data. This suggests that the FMR is slightly higher than the typical market rate, which could work in your favor as a landlord. With the FMR at $890, you have a benchmark for setting your rent, ensuring it remains competitive while still being covered by the voucher program.
The area also has a significant number of renters, with 23.3% of the population living in rented properties. This indicates a steady demand for rental units, making it a viable market for Section 8 rentals. Despite the economic conditions, there are individuals who need assistance with housing costs, creating a pool of potential tenants.
When considering purchasing a property in ZIP 65637 for a Section 8 rental, keep in mind that the median home value is approximately $250,471. This figure should help you estimate the initial investment required for acquiring a suitable property. Remember, the key to success in this venture is to ensure the property meets all the necessary quality standards set by HUD before leasing it under the Section 8 program.
Before finalizing your decision to enter the Section 8 market in ZIP 65637, verify that the property complies with the Housing Quality Standards (HQS). These standards are designed to ensure that rental units are safe, decent, and sanitary, and failure to meet these criteria can result in penalties or disqualification from the program. Once you confirm that your property meets HQS, you can proceed with confidence, knowing that you are providing a valuable service to the community while maintaining a stable income stream.
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.