Location: Wright 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 | $250,207 | 0.54% | F |
U.S. Census Bureau data (2024)
The analysis for ZIP code 65667 in Hartville, Missouri, reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for 2024 is set at $800, while the Census ACS reports the market rent at $554. This discrepancy amounts to a $246 difference, representing an increase of approximately 44.4% from the market rent to the FMR.
The higher FMR compared to the market rent makes ZIP 65667 a prime location for landlords and small-portfolio investors looking to maximize yields. Voucher tenants under the Section 8 program can afford rents up to $800, which is above the local market rate of $554. With only 24.3% of residents being renters and a median home value of $205,976, the rental market is relatively small and competitive. However, the median income of $34,444 suggests that many residents might rely on government assistance such as Section 8 vouchers to secure housing.
The opportunity here lies in the fact that landlords can charge closer to the FMR without the risk of vacancy, as there is a pool of potential voucher tenants who can cover the higher rent. This strategy can significantly boost rental yields, making it an attractive option for those managing properties in Hartville.
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.