Location: Scotland County, MO | Metro: Clark County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The ZIP code 63432 is situated in a small, rural-like setting with a total population of 363. The area has a low percentage of renters at 9.4%, indicating that homeownership is prevalent. With a median household income of $60,481, residents have a moderate financial standing, though without a median home value, it's challenging to gauge the overall property valuation trends.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890. This figure serves as a benchmark for rental costs, though the lack of specific market rent data for ZIP 63432 makes direct comparisons difficult. Given the sparse rental market, landlords can expect a niche clientele seeking affordable housing options.
For Section 8 investors, ZIP 63432 presents a unique scenario. Due to the limited number of renters and the absence of detailed market rent data, this area is more suitable for hands-off operators who are willing to manage fewer properties but with a steady, government-backed rental income. The low renter percentage suggests that the demand for subsidized housing might be lower compared to urban settings, making it less attractive for hands-on investors looking to add significant value through renovations or upgrades. However, the potential for long-term, stable cash flow exists for those who can find and secure tenants within the voucher program framework.
In conclusion, ZIP 63432 offers a niche investment opportunity for Section 8 landlords. It is best suited for investors who prefer a hands-off approach and are comfortable with a smaller scale of operations, given the limited rental market. The area's characteristics align well with the goals of hands-off voucher operators rather than hands-on value-add buyers.
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.