Section 8 Fair Market Rent (FMR) for ZIP 65692 - 2027

Location: Oregon County, MO | Metro: Howell County, MO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$800
1 Bedroom	$840
2 Bedrooms	$1,100
3 Bedrooms	$1,490
4 Bedrooms	$1,700
5 Bedrooms	$1,972
6 Bedrooms	$2,209
7 Bedrooms	$2,386
8 Bedrooms	$2,505

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,068

Median Household Income

$40,357

Housing Units

508

Renter Percentage

31.1%

Occupancy Rate

78.0%

Renter Occupied

123

The ZIP code 65692, located in the heart of rural Missouri, offers a stable yet modest real estate market for landlords and small-portfolio investors. The area is characterized by its low population density and reliance on agriculture, which influences the housing demand and rental trends.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030, providing a benchmark for rental pricing that reflects the local economy's capacity to pay.
The average market rent for the area, according to Census ACS data, stands at $736, indicating a below-average rental rate compared to the national standards and suggesting a potential opportunity to increase rents without alienating tenants.
The median home value in ZIP 65692 is $229,943, which is significantly lower than many urban areas, making it an attractive option for investors looking to purchase properties at a lower cost.
Renters make up 31.1% of the housing stock, a figure that highlights the importance of rental properties to the community and suggests a steady demand for affordable housing options.
The median income for residents is $40,357, which is below the national average, underscoring the necessity for affordable rental options and the potential challenges in setting higher rent prices.

The real estate market in ZIP 65692 presents a balanced opportunity for investors. With a lower median home value and median income, the area supports a robust rental market where the Fair Market Rent exceeds the actual market rent, indicating room for price adjustment. However, investors must be mindful of the local economic conditions when setting rent prices to ensure they remain competitive and accessible to the majority of residents. This synthesis points to a market where carefully managed rental properties can provide steady returns, albeit at rates reflective of the area's economic profile.

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.