Section 8 Fair Market Rent (FMR) for ZIP 65676 - 2027
Location: Ozark County, MO | Metro: Ozark County, MO
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$45,170
To determine if you should buy in ZIP code 65676 for Section 8 investment, follow this decision tree:
- 1) Does FMR $890 (metro FY 2026) clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest. The Fair Market Rent (FMR) of $890 is insufficient to cover your debt service costs.
- 2) Is market rent above, at, or below FMR?
- If market rent is above FMR: This indicates a strong local rental market where properties can command higher rents. However, for Section 8, the relevant metric is FMR. Continue to the next question.
- If market rent is at or below FMR: This suggests that the local rental market aligns well with Section 8 rates, making it viable for such investments. Move on to the next question.
- 3) Are 23.0% renters and N/A-day Days on Market (DOM) enough demand?
- If the DOM is low (indicating quick property turnover): There is likely sufficient demand for rental properties in this area. Given the 23.0% of residents who are renters, the demand appears to be met effectively, suggesting a stable rental market.
- If the DOM is high (indicating slow property turnover): There may not be enough demand to support a Section 8 investment, even with 23.0% of renters. High DOM suggests challenges in finding tenants, which could impact your ability to consistently fill units under the program.
Summary: Investing in ZIP 65676 for Section 8 purposes hinges on whether the FMR of $890 can cover your debt service costs. If so, the alignment of market rent with FMR is a positive sign. Lastly, evaluate the DOM to gauge demand. A low DOM supports a positive outlook, while a high DOM suggests caution.
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.