Location: Audrain County, MO | Metro: Audrain County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 63345 in Audrain County, Missouri, reveals a clear opportunity for positive cash flow when utilizing HUD Fair Market Rent (FMR) guidelines. The HUD FMR for the metro area, set at $890 for fiscal year 2026, significantly exceeds the current market rent of $350 based on Census ACS data. This disparity means that voucher tenants will cashflow at FMR levels, providing a substantial financial buffer for landlords.
To derive the rent-to-price ratio, we note that the median home value is listed as N/A. Despite this limitation, the higher FMR compared to market rent suggests a favorable environment for investors looking to capitalize on rental income. The N/A-day median days on market (DOM) and N/A% price cut share indicate a stable housing market where buying and renting dynamics do not heavily influence each other, further supporting the reliability of rental income.
Given the parameters, the strongest investor angle in ZIP 63345 is undoubtedly cashflow. With voucher tenants paying a rate well above the local market average, investors can expect consistent and profitable returns without the need for premium unit investments. This makes it an attractive option for those seeking steady income streams through Section 8 properties.
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.