Section 8 Fair Market Rent (FMR) for ZIP 65783 - 2027

Name: Section 8 Fair Market Rent Data for 65783
Creator: U.S. Department of Housing and Urban Development (HUD)
License: https://creativecommons.org/publicdomain/zero/1.0/

Location: Dallas County, MO | Metro: Dallas County, MO HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$850
2 Bedrooms	$1,030
3 Bedrooms	$1,390
4 Bedrooms	$1,700
5 Bedrooms	$1,972
6 Bedrooms	$2,209
7 Bedrooms	$2,386
8 Bedrooms	$2,505

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

127

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The Section 8 thesis for ZIP code 65783 is centered around the disparity between the Fair Market Rent (FMR) and the actual market rent. The FMR for the area, as set for fiscal year 2024, is $800. However, the current market rent data is unavailable, which complicates a direct comparison. Given this, we can infer several points about the viability of Section 8 properties in this ZIP code.

Firstly, it's important to note that the FMR represents the maximum amount that a landlord can charge for a Section 8 voucher tenant. This figure is determined by the U.S. Department of Housing and Urban Development (HUD) and is intended to reflect the average market rent for rental units in an area. In ZIP 65783, where the FMR is $800, if the market rent were higher, landlords would be accepting a lower rent rate for their properties by renting to voucher holders. Conversely, if the market rent were lower, then the $800 FMR could represent a premium over what most tenants might pay.

Unfortunately, without specific market rent data, it's challenging to quantify the exact financial gap and its percentage. But let's consider the implications based on the available data:

If the FMR ($800) exceeds the market rent: This scenario would make ZIP 65783 a yield play for landlords. They would be receiving HUD-subsidized rents that are above what they might get from non-voucher tenants, ensuring a steady income stream regardless of the local economic conditions.
If the FMR is less than the market rent: Landlords would face the cost of renting out their properties at below-market rates. This could mean a loss of potential revenue compared to renting to tenants paying full market price. However, the stability of the HUD payments could still make it attractive for certain types of investors looking for consistent cash flow.

The analysis must also take into account the broader context of ZIP 65783, where there are 0.0% of renters, indicating that the area is predominantly occupied by homeowners. The median home value and median income figures are not provided, which means we cannot assess the relative affordability of housing or the economic status of residents. These factors are crucial in understanding the demand for rental properties, especially those supported by Section 8 vouchers.

In conclusion, while the exact financial gap cannot be stated due to missing market rent data, the $800 FMR in ZIP 65783 presents both opportunities and challenges for landlords and small-portfolio investors. It's a matter of balancing the guaranteed income from Section 8 against the potential for higher yields from market-rate tenants. The lack of rental population suggests that attracting voucher tenants might require additional marketing efforts to reach the right audience.

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.