Location: Oregon County, MO | Metro: Oregon County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 65778 stands out as a renter-heavy area with significant voucher demand. With a population of 430, 58.5% of residents are renters, indicating a strong reliance on rental properties over homeownership. This demographic leans heavily towards the use of housing vouchers, such as those provided through the Section 8 program.
The median household income in this ZIP code is $23,669, which is notably lower than the Fair Market Rent (FMR) for the metro area at $910 per month (for FY 2026). The typical market rent in the area is $637 per month, representing approximately 27% of the median household income. This suggests that the majority of renters in this ZIP code would find it challenging to afford market-rate rents without assistance.
To put this into perspective, the FMR of $910 is significantly higher than the actual market rent of $637, indicating that rents in 65778 are below the federal benchmark. This discrepancy makes it likely that there is a substantial number of tenants who qualify for Section 8 vouchers due to their low-income status. Landlords in this ZIP code should anticipate a high demand for affordable units that accept Section 8 vouchers.
The tenant profile expected in this area will predominantly consist of low-income individuals and families who rely on government assistance to meet their housing needs. These tenants will often have a monthly rental budget that includes a Section 8 voucher supplementing their own contributions. Given the economic conditions and the high percentage of renters, landlords should prepare for a market where voucher acceptance is a competitive advantage in attracting and retaining tenants.
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.