Location: Pike County, MO | Metro: Pike County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The ZIP code 63330 presents a market in motion, characterized by specific economic indicators that provide insight into its current state and potential future direction. The Fair Market Rent (FMR) for the area stands at $1,080 as of fiscal year 2026, which serves as a benchmark for rental pricing and reflects the affordability and demand for rental properties in the region.
While the exact market rent is currently unavailable, the median home value of $114,621 suggests a relatively affordable housing market. This figure can be compared against the FMR to gauge the relative cost of homeownership versus renting. However, without a direct comparison between the two, it's challenging to definitively conclude whether supply outpaces demand or vice versa. Typically, if the median home value is significantly lower than the FMR, it might indicate a trend towards homeownership being more attractive, potentially signaling an undersupply of rental units. Conversely, if market rents were higher than the FMR, it could suggest a strong demand for rentals.
A notable statistic is the 18.4% renter share, which indicates that nearly one-fifth of the population in ZIP 63330 are renters. This percentage is crucial for understanding long-term housing pressures. In areas with a high renter share, there tends to be ongoing pressure on rental markets due to the consistent demand for leased properties. Landlords and small-portfolio investors should pay attention to this figure as it suggests a stable base of tenants and the potential for steady rental income.
The absence of data on price-cut shares and days on market (DOM) limits a detailed analysis of the sales market dynamics. However, the median home value provides a foundation for assessing the overall housing market health. If the median home value remains stable or increases over time, it may reflect growing interest in homeownership, possibly indicating a balanced or slightly favoring demand side of the market.
In summary, ZIP 63330 offers a glimpse into a market where rental demand is present, but the exact balance between supply and demand requires further investigation. The relatively low median home value coupled with the 18.4% renter share points towards a dynamic housing environment, ripe with opportunities for those who understand its nuances.
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.