Section 8 Fair Market Rent (FMR) for ZIP 65646 - 2027

Location: Lawrence County, MO | Metro: Dade County, MO

Investment Score for ZIP 65646

Monthly Rent (2BR)

$1,140

Median Price (2BR)

$190,575

1% Rule

0.6%

Annual Yield

7.18%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$840
1 Bedroom	$920
2 Bedrooms	$1,140
3 Bedrooms	$1,480
4 Bedrooms	$1,870
5 Bedrooms	$2,169
6 Bedrooms	$2,429
7 Bedrooms	$2,623
8 Bedrooms	$2,754

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,140	$190,575	0.6%	F
3BR	$1,480	$315,431	0.47%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,961

Median Household Income

$52,708

Housing Units

955

Renter Percentage

8.7%

Occupancy Rate

82.0%

Renter Occupied

Everton, Missouri, located within ZIP code 65646, is a small town with a growing need for affordable housing solutions. The local real estate market offers opportunities for landlords and small-portfolio investors who are looking to invest in a stable and modestly priced rental environment.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $970, indicating a benchmark for what tenants can reasonably afford.
The average market rent for properties in Everton, as reported by the Census American Community Survey, stands at $725, suggesting that there is potential for rental increases to align with the FMR.
The median home value in the area is $271,328, which provides a basis for assessing the overall property values and investment costs.
Renters make up 8.7% of the housing market, showing a relatively low demand for rentals compared to owner-occupied homes. However, this also indicates room for growth in the rental sector.
The median household income in Everton is $52,708, which suggests that most residents have the financial stability to meet rental obligations but may still be price-sensitive.
The Days on Market (DOM) figure is listed as N/A, implying either limited data availability or a quick turnover rate in property sales, which could indicate strong interest from buyers.

Synthesizing these points, Everton presents a market where the current rents are below the FMR, offering potential for moderate rental price increases. With a median home value of $271,328, the cost of entry is manageable for investors. Despite the relatively low renter share, the modest median income supports a rental market that is likely to grow as affordability becomes a greater concern. The quick turnover suggested by the missing DOM data hints at a competitive real estate market, which could benefit investors looking to buy and hold properties in a growing area.

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.