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

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

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

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

Housing Authorities Serving ZIP 65791

Housing Authority of the City of Thayer (Thayer, MO)
Housing Authority of the City of Alton (Alton, MO)

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). 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.