Location: Barry 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 | $730 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $990 | $249,106 | 0.4% | F |
| 3BR | $1,310 | $298,644 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 65641, located in Eagle Rock, Missouri, presents a unique landscape for landlords and small-portfolio investors interested in Section 8 tenants. With a total population of 606, only 13.0% of residents are renters, indicating that this area is predominantly homeowner-dominated rather than renter-heavy. This suggests that the demand for rental properties, particularly those accepting Section 8 vouchers, is likely to be lower compared to areas with a higher percentage of renters.
The median household income in Eagle Rock, MO is $55,417. While specific market rent figures are not available, we can infer that typical rents would be significantly lower than the Fair Market Rent (FMR) of $920, which is set for the metro area for fiscal year 2026. The lack of detailed market rent data means we cannot calculate the exact percentage of local income that goes towards rent; however, given the lower population density and the fact that it is a rural area, one can reasonably assume that typical rents are below the FMR and thus consume a smaller portion of the average income.
Section 8 vouchers are designed to help low-income families afford housing. In ZIP 65641, the voucher amount of $920 per month aligns closely with the needs of the local population, especially considering the overall lower cost of living in rural areas. Landlords in this area should expect tenants who are part of the Section 8 program to have a household income that is at or below the poverty line, making them eligible for federal housing assistance. These tenants will rely on their vouchers to cover a significant portion of their rent, typically up to the FMR.
To attract and retain Section 8 tenants, landlords must ensure they comply with HUD standards for property quality and maintenance. Given the limited number of renters and the relatively high voucher amount, landlords could face competition from other properties willing to accept vouchers. However, the scarcity of renters also means that landlords might find it easier to fill vacancies with tenants who meet the criteria for the program.
In summary, ZIP 65641 is not a renter-heavy area, but it does present opportunities for landlords willing to work with Section 8 tenants. The expected tenants will have incomes that qualify them for federal housing assistance, and landlords should prepare to meet the requirements of the program while potentially facing less competition for tenants than in urban areas.
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.