Section 8 Fair Market Rent (FMR) for ZIP 65791 - 2027

Location: Oregon County, MO | Metro: Howell County, MO

Investment Score for ZIP 65791

Monthly Rent (2BR)

$960

Median Price (2BR)

$87,012

1% Rule

1.1%

Annual Yield

13.24%

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	$710
1 Bedroom	$740
2 Bedrooms	$960
3 Bedrooms	$1,290
4 Bedrooms	$1,420
5 Bedrooms	$1,647
6 Bedrooms	$1,845
7 Bedrooms	$1,993
8 Bedrooms	$2,093

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$960	$87,012	1.1%	B
3BR	$1,290	$153,363	0.84%	C
4BR	$1,420	$216,067	0.66%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,425

Median Household Income

$42,470

Housing Units

1,961

Renter Percentage

26.8%

Occupancy Rate

79.9%

Renter Occupied

420

The town of Thayer, Missouri, located in ZIP code 65791, offers a stable and modest real estate market that is particularly attractive to small-portfolio investors and landlords. The area is characterized by its low-cost living environment and manageable competition, making it a viable option for those looking to invest in a less volatile market.

Fair Market Rent (FMR): For the fiscal year 2026, the FMR in the metro area surrounding ZIP 65791 is set at $890, indicating a reasonable threshold for rental pricing.
Market Rent: According to the latest Census American Community Survey (ACS) data, the average market rent in the area is $633, which is below the FMR and suggests a competitive yet fair rental price landscape.
Median Home Value: The median home value stands at $146,997, providing a moderate entry point for property investment without the risk associated with highly valued markets.
Renter Share: With 26.8% of residents being renters, there is a notable but not overwhelming demand for rental properties, allowing for a balanced market presence.
Days on Market (DOM): Data regarding the average days a property remains on the market is currently unavailable, though this can be a critical factor in assessing the speed and efficiency of sales or rentals in the area.
Median Income: The median household income in Thayer is $42,470, reflecting a middle-class community where rental affordability is a key consideration for potential tenants.

In summary, Thayer, MO presents a market where the Fair Market Rent provides a benchmark for setting rental prices above the current market rate of $633. The median home value of $146,997 offers a relatively affordable investment opportunity, especially given the middle-class median income of $42,470. While the renter share indicates a steady demand, the lack of Days on Market data means investors should further research local real estate trends to optimize their investment strategies. Overall, Thayer's real estate market supports a conservative approach to investment, offering stability and potential for growth without the risks associated with more volatile markets.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.