Location: Lawrence County, MO | Metro: Dade 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 | $740 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $118,663 | 0.84% | C |
| 3BR | $1,310 | $194,970 | 0.67% | D |
U.S. Census Bureau data (2024)
The ZIP code 65682, located in Lockwood, Missouri, is characterized by a population of 1,885 residents, with 26.0% being renters. This indicates that while the area has a significant rental market, it is not dominated by renters. The median household income stands at $53,590, which provides a baseline for assessing the affordability of housing in the region.
The typical market rent of $690 per month represents approximately 15.8% of the median household income when calculated annually. This suggests that the rent is relatively affordable compared to the average income, making it attractive for both regular and voucher-assisted tenants. However, the Fair Market Rent (FMR) for the metro area is set at $950 for fiscal year 2026, indicating a higher standard for rental costs that could be challenging for some voucher holders to meet.
Given these figures, landlords in ZIP 65682 can expect a tenant pool that includes a mix of individuals who rely on Section 8 vouchers and those who pay market rent without assistance. The lower market rent compared to the FMR implies that there might be a substantial number of voucher users seeking affordable housing options in the area. However, the overall demand for vouchers is moderate due to the relatively low percentage of renters.
To attract and retain tenants, landlords should consider the following:
In summary, ZIP 65682 offers a balanced environment for landlords, combining moderate demand for Section 8 vouchers with a reasonable market rent that is well-supported by the local economy. Landlords should anticipate a tenant base that values affordability and may require support through the voucher system.
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.