Location: Ralls County, MO | Metro: Ralls County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,230 |
| 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 ZIP code 63467 presents several challenges for potential Section 8 landlords. Firstly, tenant turnover can be problematic due to the disparity between the market rent, which is currently unavailable, and the Fair Market Rent (FMR) of $910 set for the fiscal year 2026 in the metropolitan area. This gap might deter tenants who prefer higher market rents, leading to frequent changes in occupancy.
Secondly, there is significant exposure to vacancies. The days on market (DOM) figure is not available, making it difficult to predict how long properties might remain unoccupied. Vacancy periods can lead to financial strain, especially if maintenance costs are high and rental income is not consistent.
Deferred maintenance is another concern. With both the typical home value and median income being unavailable, it's challenging to assess the financial health of property owners in the area. If these factors indicate lower income levels and higher property values, landlords may struggle to keep up with necessary repairs and upgrades, potentially affecting the quality of the rental units and their attractiveness to tenants.
However, the risks must be weighed against the local rental market dynamics. The ZIP code has a 0.0% renter share, which is unusually low and suggests that most residents in the area own their homes. Despite this, areas with high renter density often see higher demand for Section 8 vouchers, which can translate into a stable tenant pool. Although 63467 does not have a high renter density, the presence of any renters could still indicate some demand for affordable housing options.
Verdict: Moderate risk for a first-time Section 8 landlord. While the lack of specific data complicates a thorough analysis, the potential for stable tenant demand balances out the risks associated with vacancy and maintenance.
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.