Location: Shelby County, MO | Metro: Marion County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 63443, located in the Shelby County, MO metro area, reveals a strong opportunity for positive cash flow. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $890, which significantly exceeds the current market rent of $419 based on Census ACS data. This means that voucher tenants will cashflow at the FMR, providing a substantial buffer between what the government pays and the actual market rates.
To further illustrate the financial advantage, consider the median home value in the area, which stands at $287,277. The rent-to-price ratio, calculated using the HUD FMR, indicates that rental income could cover a considerable portion of the mortgage payment, enhancing the profitability of investment properties. At $890 per month, the annual rent would be $10,680, resulting in a rent-to-price ratio of approximately 0.0037, or 0.37%. This low ratio suggests that rental income alone can support a significant investment in property value, making it an attractive proposition for investors seeking steady cash flow.
In terms of the rental versus buying dynamics, the data shows a median Days on Market (DOM) of N/A and a price-cut share of N/A%, indicating that there is no readily available information on how quickly homes sell or the frequency of price reductions. However, given the disparity between the HUD FMR and the market rent, these metrics are less critical to the overall investment strategy. The key focus remains on the robust cash flow potential from voucher tenants.
The strongest investor angle in ZIP 63443 is undoubtedly the cash flow. With the HUD FMR well above the market rent, investors can secure properties with confidence, knowing that their rental income will exceed the costs associated with maintaining and managing the units. This creates a solid foundation for long-term investment success, especially for those looking to build a portfolio of stable, income-generating assets.
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.