Location: Springfield, MO | Metro: Springfield, MO HUD Metro FMR Area
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 | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $245,384 | 0.43% | F |
| 3BR | $1,470 | $305,283 | 0.48% | F |
| 4BR | $1,680 | $436,701 | 0.38% | F |
| 5BR | $1,949 | $664,888 | 0.29% | F |
U.S. Census Bureau data (2024)
Investing in Section 8 housing in ZIP 65742 in Rogersville, MO, presents several risks that must be carefully considered. Firstly, tenant turnover is a significant concern. The market rent in this area stands at $953, whereas the Fair Market Rent (FMR) for FY 2024 is set at $840. This difference can lead to higher turnover rates as tenants may struggle to afford the higher market rents. Secondly, vacancy exposure is another issue. The Days on Market (DOM) for vacant properties is currently not available, which makes it difficult to predict how long it might take to fill vacancies. Lastly, there is a risk of deferred maintenance due to the relatively low median income of $83,795 compared to the typical home value of $326,292. Landlords may face challenges in keeping up with necessary repairs and improvements without adequate funding.
Despite these risks, there are factors that mitigate them. The renter share in ZIP 65742 is 24.6%, indicating a high concentration of renters in the area. This high renter density typically translates into a robust demand for rental properties, including those participating in the Section 8 program. A larger pool of potential tenants can help ensure that vacancies are filled quickly, reducing the risk of extended periods without rental income.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.