Location: Douglas County, MO | Metro: Springfield, MO HUD Metro FMR Area
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 | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,350 | $301,476 | 0.45% | F |
U.S. Census Bureau data (2024)
The market in ZIP 65652 is characterized by a steady rental environment, with the Fair Market Rent (FMR) set at $800 for the fiscal year 2024. This aligns closely with the market rent observed in the latest Census American Community Survey (ACS) data, which stands at $810. The absence of data on price-cut share and days on market (DOM) suggests that the rental market is stable, without significant fluctuations in pricing or availability.
The median home value in ZIP 65652 is $268,091. This figure provides insight into the overall cost of homeownership within the area, indicating a relatively affordable market compared to many other regions across the United States. However, it's important to note that the rental market and the homeownership market can operate independently, and the median home value does not directly correlate with the rental dynamics.
A key metric to consider is the 11.1% share of renters in the population. This percentage indicates that while the majority of residents own their homes, there remains a notable segment of the population that relies on rental housing. This dynamic implies ongoing long-term housing pressure, as a significant portion of the community continues to seek rental options rather than purchasing homes. It also suggests that the area has a diverse housing market, catering to both owner-occupiers and renters.
The close alignment between the FMR and market rent points towards a balanced market where neither landlords nor tenants have a significant advantage. There is no indication that supply outpaces demand or vice versa, but rather a market that is currently in equilibrium. Landlords can expect to maintain rents around the $810 mark, reflecting the fair market value for the area.
The dynamics of ZIP 65652 show a stable rental market with a modest but persistent demand for rental properties. The relatively low median home value and the 11.1% renter share suggest that there is an ongoing need for affordable rental housing. For small-portfolio investors, this means that while there may not be rapid growth in rental income, there is a consistent demand that can support steady investment returns.
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.