Location: Clark County, MO | Metro: Clark County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The FMR represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program, while the local market rent reflects what similar units are actually fetching in the open market. In ZIP 63445, the difference between these two figures suggests that landlords will need to accept a lower rent than the market rate to participate in the Section 8 program. However, this lower rent is still significantly higher than the typical market rent, making it a reliable source of income.
A cash-flow anchor is crucial for any investment portfolio, providing a stable and predictable income stream. ZIP 63445 fulfills this role well, given the relatively low median home value and the guaranteed rental payments through the Section 8 program. This stability can help offset the risks associated with other parts of the portfolio, such as those focused on appreciation or diversification.
The median income in ZIP 63445 is $48,370, which aligns with the income levels of many Section 8 participants. This demographic fit ensures a consistent pool of eligible tenants, further reinforcing the cash-flow anchor status.
While there are no specific figures for price-cut share or Days on Market (DOM) to evaluate ZIP 63445 as an appreciation play, the data indicates a 5.2% increase in home values over the past year. This growth, however, is not sufficient to classify it primarily as an appreciation play. Instead, the focus should remain on leveraging the Section 8 program to ensure steady cash flow.
In summary, ZIP 63445 is best suited as a cash-flow anchor in a Section 8 portfolio strategy due to the favorable spread between FMR and local market rent, coupled with a stable and predictable tenant base. This approach will provide landlords and small-portfolio investors with a solid foundation for their investment strategy.
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.