Location: Dade County, MO | Metro: Dade 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 | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $130,560 | 0.74% | D |
| 3BR | $1,250 | $190,478 | 0.66% | D |
U.S. Census Bureau data (2024)
30.0% of residents in ZIP code 65661 are renters, indicating a significant portion of the population relies on rental housing. This statistic aligns with the $628 market rent observed in the area, according to Census ACS data. The $167,660 median home value suggests a moderate cost of living, which is further supported by the $46,170 median income reported. Landlords and small-portfolio investors should note that the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, providing a benchmark for rental pricing. Despite the lack of specific data on days on market (DOM) and the percentage of homes that have had their prices cut, the gap between the FMR and the current market rent indicates potential for upward adjustment. With a clear understanding of these figures, it becomes evident that properties priced near the FMR could attract a stable tenant base, especially given the reliance on rental housing among local residents. The median income figure, while not exceptionally high, still provides a reasonable basis for tenants to afford rents closer to the FMR without significant financial strain. Given the context, landlords can confidently set rents closer to the $890 FMR, ensuring they remain competitive yet profitable. The verdict on Section 8 eligibility in ZIP 65661 is positive, as the program's rent limits align well with the current market conditions and the financial capabilities of the local population.
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.