Section 8 Fair Market Rent (FMR) for ZIP 65714 - 2027

Location: Stone County, MO | Metro: Springfield, MO HUD Metro FMR Area

Investment Score for ZIP 65714

Monthly Rent (2BR)

$1,170

Median Price (2BR)

$223,404

1% Rule

0.52%

Annual Yield

6.28%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$950
1 Bedroom	$960
2 Bedrooms	$1,170
3 Bedrooms	$1,620
4 Bedrooms	$1,860
5 Bedrooms	$2,158
6 Bedrooms	$2,417
7 Bedrooms	$2,610
8 Bedrooms	$2,741

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,170	$223,404	0.52%	F
3BR	$1,620	$280,454	0.58%	F
4BR	$1,860	$394,837	0.47%	F
5BR	$2,158	$509,674	0.42%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

37,013

Median Household Income

$86,765

Housing Units

14,016

Renter Percentage

26.7%

Occupancy Rate

97.5%

Renter Occupied

3,650

To determine if you should buy in ZIP code 65714 (Nixa, MO) for Section 8 purposes, follow this decision tree:

Step 1: Clearing Debt Service with FMR

The Fair Market Rent (FMR) for ZIP 65714 in fiscal year 2024 is $980. Calculate if this amount can cover the debt service on a property valued at $322,506. If the answer is yes, proceed to Step 2. If no, do not purchase the property for Section 8 purposes.

Step 2: Market Rent vs. FMR

The Zillow Observed Rent Index (ZORI) for Nixa, MO, indicates that the average market rent is $1,525. Compare this figure to the FMR of $980. If market rent is significantly above FMR, it suggests that there is a premium for non-Section 8 tenants. If market rent is above or equal to FMR, consider the potential to charge higher rents to non-program tenants, which can improve overall profitability.

Step 3: Rental Demand Analysis

In ZIP 65714, 26.7% of residents are renters, and the days on market (DOM) for rental listings is 21 days. This indicates a moderate level of demand. If the DOM is short and the percentage of renters is reasonable, it supports the idea that there is sufficient demand to fill vacancies quickly. However, if these figures suggest low demand, then it might be challenging to maintain occupancy rates, even with Section 8 tenants.

Decision Outcome

If Yes to Step 1 and Step 2, and Step 3 shows moderate demand: Purchase the property for Section 8. The FMR covers debt service, and market rents offer an opportunity for higher income when renting to non-program tenants. The rental market appears healthy enough to support quick turnovers.
If No to Step 1: Do not purchase the property for Section 8. The FMR of $980 does not sufficiently cover the debt service on a $322,506 property, making it financially unviable.
If Yes to Step 1 but market rent is below FMR: It depends. Evaluate the local rental market trends and the likelihood of maintaining occupancy levels. Lower market rents could indicate a less desirable location for non-program tenants, potentially reducing the flexibility to adjust rent rates.
If demand is low (longer DOM or lower renter percentage): Do not purchase the property for Section 8. Insufficient demand could lead to prolonged vacancy periods, affecting cash flow negatively.

This analysis provides a clear framework for deciding whether to invest in ZIP 65714 for Section 8 properties based on the financial and market conditions.

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.