Location: Stone 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 | $1,040 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,780 | $331,402 | 0.54% | F |
U.S. Census Bureau data (2024)
The ZIP code 65669 is situated in a suburban neighborhood characterized by a relatively small population of 2,764 residents. The area has a low percentage of renters at only 10.2%, indicating that it is predominantly occupied by homeowners. The median income in this ZIP code stands at $86,932, reflecting a community that is financially stable and likely to have a strong demand for quality housing. Furthermore, the median home value is $338,088, suggesting that property values are robust and indicative of a desirable living environment.
Turning to the rent economics, the Fair Market Rent (FMR) for ZIP 65669 in fiscal year 2024 is set at $990. This figure is notably lower than the market rent, which according to the Census ACS, averages around $1,223. The disparity between these two rates highlights an opportunity for investors to potentially offer affordable housing solutions while still maintaining a profit margin above the FMR.
Given the characteristics of ZIP 65669, it would be suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the relatively low FMR compared to market rent can provide a steady stream of income through Section 8 vouchers without the need for extensive property management. On the other hand, for hands-on investors looking to add value, there is potential to improve properties and command rents closer to the market rate, thereby increasing profitability. However, the limited rental market, represented by the small percentage of renters, suggests that the pool of potential tenants might be smaller, necessitating careful consideration of the investment strategy.
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.