Location: Texas County, MO | Metro: Douglas 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 | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $980 | $121,625 | 0.81% | C |
| 3BR | $1,300 | $196,994 | 0.66% | D |
U.S. Census Bureau data (2024)
The ZIP code 65689, located in Cabool, Missouri, is primarily a renter-heavy area with significant voucher demand. With a population of 4,482, nearly 28.5% of residents are renters, indicating a substantial portion of the community relies on rental housing. This percentage suggests that there is a notable presence of individuals who might require financial assistance through Section 8 vouchers to afford their living arrangements.
The median household income in this area stands at $44,231, which is relatively low compared to the national average. When considering the market rent of $620 per month, this represents approximately 17.5% of the median household income. Such a figure can be considered high, especially for those who might already be facing financial constraints, making the need for rental assistance programs like Section 8 even more critical.
To put this into perspective, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930. This indicates that the actual market rent of $620 is below the FMR, suggesting that landlords in this ZIP code may find it easier to attract tenants who are eligible for Section 8 vouchers. The difference between the market rent and the FMR also implies that the rental market in Cabool is somewhat affordable relative to other areas, which could attract a diverse range of tenants seeking stable housing solutions.
A landlord in ZIP 65689 should anticipate a tenant pool that includes many individuals who rely on Section 8 vouchers. These tenants will likely have their rent subsidized to an extent that makes up a significant portion of the $620 monthly rent. It's important for landlords to understand that these tenants undergo thorough background checks and must meet eligibility criteria based on income and other factors. They are typically reliable and committed to maintaining their housing, given the strict guidelines they must follow to retain their voucher status.
In summary, Cabool's ZIP 65689 offers a solid opportunity for landlords looking to cater to a renter-heavy market with a strong demand for Section 8 vouchers. Given the affordability of the market rent relative to both local incomes and the FMR, this area presents a viable option for those seeking stable tenancy agreements with government-subsidized support.
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.