Section 8 Fair Market Rent (FMR) for ZIP 65760 - 2027
Location: Ozark County, MO | Metro: Ozark County, MO
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$42,708
A decision tree for whether to buy into ZIP code 65760 for Section 8 investment hinges on three key questions:
- Does the Fair Market Rent (FMR) of $890 cover the debt service on a $231,694 property?
- Yes: The FMR of $890 can potentially cover the debt service if the mortgage rate and terms allow for such an income level. For instance, with a 30-year fixed-rate mortgage at a 4.5% interest rate, the monthly payment would be approximately $1,150, which is higher than the FMR. Thus, even at this FMR, the landlord would not clear debt service.
- No: Given the monthly payment scenario outlined above, the answer is no. The FMR does not sufficiently cover the debt service on a property valued at $231,694 under typical financing conditions.
- Is the market rent above, at, or below the FMR?
- The market rent for ZIP 65760 is listed as N/A, indicating that there is insufficient data to make a determination. This uncertainty means that the comparison between market rent and FMR cannot be made, leading to a conclusion of "it depends".
- Are 14.7% of the population renters and N/A-day Days on Market (DOM) sufficient to meet demand?
- It depends: With 14.7% of the population being renters, there is a baseline demand for rental properties. However, the lack of data on the average DOM makes it difficult to assess how quickly properties might be rented out once they become available. This suggests that further investigation into the local rental market's vacancy rates and turnover times is necessary before making a decision.
To summarize, based on the provided data, purchasing a property in ZIP 65760 for Section 8 investment is not advisable due to the FMR not covering the debt service. Additionally, the unknown market rent and DOM add layers of uncertainty, suggesting that more research is needed to fully understand the local rental market dynamics.
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.