Location: Knox County, MO | Metro: Knox County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
7.0% of the residents in ZIP code 63460 are renters, indicating a modest demand for rental properties in the area. However, the $940 Fair Market Rent (FMR) for the metro area in fiscal year 2026 suggests that landlords can set competitive rental prices. Despite the lack of specific data on median income and days on market (DOM), the $234,794 median home value provides insight into the overall housing market stability. This median home value implies a balanced property value that can support steady rental incomes without excessive vacancy rates.
Given the absence of data on the percentage of price-cut share, it's crucial for landlords to maintain their properties at or near the $940 FMR to remain attractive to potential tenants. The modest 7.0% renter share indicates that the majority of homeownership in the area could lead to lower competition among landlords, allowing for more flexibility in pricing strategies.
The $940 FMR is a key figure for landlords and small-portfolio investors as it sets a benchmark for rental pricing. Although the median income data is not available, the FMR is designed to reflect a reasonable rent that accommodates various income levels, making it a reliable indicator for setting rental prices.
In conclusion, ZIP code 63460 presents a stable investment opportunity for landlords and small-portfolio investors, with a fair market rent of $940 and a median home value of $234,794. The modest renter share of 7.0% suggests a balanced market where maintaining properties at the FMR will likely attract tenants effectively.
Section 8 Verdict: Acceptable
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.