Section 8 Fair Market Rent (FMR) for ZIP 65708 - 2027

Location: Lawrence County, MO | Metro: Barry County, MO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
1 Bedroom	$810
2 Bedrooms	$1,060
3 Bedrooms	$1,440
4 Bedrooms	$1,600
5 Bedrooms	$1,856
6 Bedrooms	$2,079
7 Bedrooms	$2,245
8 Bedrooms	$2,357

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

12,869

Median Household Income

$57,827

Housing Units

5,194

Renter Percentage

37.4%

Occupancy Rate

90.4%

Renter Occupied

1,757

Housing Authorities Serving ZIP 65708

Aurora Housing Authority (Aurora, MO)
Marionville Housing Authority (Marionville, MO)

Located in southwestern Missouri, Monett (ZIP 65708) offers a stable environment for real estate investment, particularly in rental properties. The town's economic landscape and housing market present several key indicators that can guide both landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $950, providing a benchmark for rental pricing.
The market rent, based on recent Census American Community Survey (ACS) data, stands at $910 for a similar unit, indicating a slight gap between actual market conditions and government-set standards.
The median home value in Monett is $204,053, reflecting the overall affordability and value of residential properties in the area.
Renters make up 37.4% of the population, suggesting a moderate demand for rental units.
The median income of residents is $57,827, which can influence the ability of tenants to meet rental costs.
Due to limited data availability, the exact number of days on the market (DOM) for rental listings is not specified, but this metric is crucial for understanding how quickly properties can be leased.

Investors looking to enter the Monett market should focus on properties priced near the median home value, considering the local income levels and the proportion of renters. While the FMR slightly exceeds current market rents, it signals a potential for modest increases in rental rates. The moderate renter share indicates steady but not explosive demand, making it a safe bet for those seeking reliable returns rather than high-risk, high-reward investments. Understanding the local economy and the specific needs of tenants will be key to success in this market.

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.