Location: Taney County, MO | Metro: Springfield, MO HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 65653, located in Forsyth, Missouri within Taney County, stands out due to its unique demographic and economic characteristics. With a population of 5,905 residents, the area has a relatively low percentage of renters at 22.9%, indicating a strong preference for homeownership among its inhabitants. The median income of $46,918 suggests a middle-class community, while the median home value of $208,680 reflects a stable housing market that is moderately priced compared to larger metropolitan areas.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 65653 in fiscal year 2024 is set at $800. This figure is slightly below the market rent of $809, as reported by the Census Bureau's American Community Survey. Landlords and small-portfolio investors should note that this small discrepancy between FMR and market rent can impact the attractiveness of the area to voucher holders, potentially leading to a higher demand for properties that accept vouchers at or near the FMR rate.
Based on the data signature, ZIP 65653 appears to be a stable area. The modest difference between the FMR and market rent indicates that the local rental market is not experiencing significant volatility, which can be advantageous for long-term investment strategies. Additionally, the relatively high median home value suggests a solid foundation for property values, making it an attractive location for those looking to invest in real estate with a focus on stability and moderate growth potential.
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.