Location: Pike County, MO | Metro: Pike County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
ZIP code 63339, located within the Pike County, MO metro, presents a unique profile when compared to typical ZIP codes in the area. The Fair Market Rent (FMR) for 63339 is set at $920 for fiscal year 2026, which is a critical figure for landlords and investors interested in Section 8 housing. This FMR represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program.
The median home value in ZIP 63339 is $351,702, indicating a higher-end market segment within the county. However, the market rent data is not available, which might suggest a lower demand for rental properties or a lack of recent rental data in this particular ZIP code. Despite this, the 13.0% renter share in 63339 is relatively low compared to what might be expected in a more densely populated urban environment, but it aligns with the general trend of lower renter shares in rural areas.
Given the specific figures, ZIP 63339 can be classified as a mid-tier neighborhood within its metro. The FMR of $920 is a reasonable rate for landlords participating in the Section 8 program, balancing the need for affordable housing with the cost of maintaining properties in an area with median home values significantly above average.
The lack of market rent data and the lower-than-average renter share suggest that the rental market in 63339 is less active compared to other ZIP codes within the metro. This could imply that there is less competition among rental properties, making it easier for landlords to secure tenants who qualify for Section 8 assistance.
While the high home values indicate a potentially wealthier population, the combination of a moderate FMR and a modest renter share suggests that ZIP 63339 is not necessarily a premium sub-market. Instead, it offers a balanced opportunity for landlords and investors looking to enter the Section 8 market without facing the challenges associated with either very high or very low property values.
To summarize, ZIP 63339 stands out as a mid-tier neighborhood within the Pike County, MO metro. It provides a stable ground for Section 8 investments, with clear guidelines on rental rates and a manageable level of competition in the rental market.
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.