Location: Taney County, MO | Metro: Taney County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
The Section 8 thesis for ZIP code 65673 is based on the disparity between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area in fiscal year 2026 is set at $1,030. However, the market rent figure is currently unavailable, which complicates the direct comparison needed to assess the viability of the thesis.
In the scenario where FMR exceeds the market rent, landlords would find that accepting housing vouchers can be a strategic yield play. Voucher tenants provide a guaranteed, government-backed income stream that is often higher than what could be obtained through standard rental agreements in a lower-rent environment. This makes properties in ZIP 65673 attractive to investors looking to maximize their rental income while minimizing the risk associated with tenant payment defaults.
Conversely, if the market rent were to exceed the FMR, landlords would face the challenge of having to accept lower rents from voucher tenants compared to what they could potentially earn from open-market tenants. This situation would necessitate careful consideration of the property's location, condition, and potential for attracting non-voucher tenants who are willing to pay above the FMR rate. The difference in rent could significantly impact the overall profitability of the investment, making it less appealing unless other factors, such as stable occupancy rates or tax benefits, offset the lower income.
When analyzing the ZIP 65673 within the context of Unknown, MO, it is important to consider the broader economic landscape. The percentage of renters, median home value, and median income figures are all currently unknown, which limits our ability to fully contextualize the impact of the FMR on local real estate investments. Without these metrics, it is difficult to predict how the FMR will affect the rental market dynamics or the financial health of potential tenants.
To conclude, the key to the Section 8 thesis in ZIP 65673 lies in understanding the relationship between the FMR and the actual market rent. Given the current data, the FMR stands at $1,030, but without a definitive market rent figure, we cannot calculate the exact dollar or percentage gap. Landlords and small-portfolio investors must weigh the advantages of stable, government-supported rental income against the potential loss of revenue from higher-paying open-market tenants.
Data Sources: FMR data from HUD (2027).
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.