Location: Stone County, MO | Metro: Stone 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 | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $238,577 | 0.46% | F |
| 3BR | $1,480 | $345,028 | 0.43% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 65681, Lampe, Missouri, in fiscal year 2026 is set at $970. This figure represents the payment standard for Section 8 housing vouchers in the area, meaning it's the maximum amount the government will pay to cover a tenant's rent. It does not represent the rent you can charge; rather, it caps the reimbursement you'll receive from the Housing Choice Voucher program.
In comparison to the local median rent, which is currently not available due to limited data, the FMR serves as a benchmark for landlords. This means that if your property's rent exceeds $970, the tenant would need to pay the difference out of pocket, potentially reducing demand for your rental unit.
The 4.2% renter share in the area indicates that nearly 4.2% of the population in ZIP 65681 are likely to be renters, suggesting a moderate demand for rental properties. However, this percentage alone doesn't fully capture the potential demand for Section 8 rentals, which often have a dedicated pool of tenants seeking affordable housing options.
If you're considering acquiring a property for a Section 8 rental in this ZIP code, the average home price is approximately $339,630. This figure gives you an idea of the initial investment required to enter the market. Given the FMR of $970, you should ensure that the property meets the necessary standards and quality requirements to qualify for the Section 8 program, as failing to do so could result in lower reimbursements or disqualification.
Before making your final decision, verify that your property complies with the Housing Quality Standards (HQS) established by the Department of Housing and Urban Development (HUD). These standards ensure that the rental unit is safe, decent, and sanitary, which is crucial for receiving the full reimbursement under the FMR guidelines.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.