Location: Clark County, MO | Metro: Clark County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The rent math in ZIP 63472 does not work in favor of landlords. The Fair Market Rent (FMR) for the metro area, set at $980 for fiscal year 2026, is significantly higher than the actual market rent reported by the Census ACS, which stands at $383. This disparity suggests that landlords might struggle to charge the FMR due to the lower rental rates typical in this area.
Regarding acquisition affordability, the data shows a lack of specific metrics such as median home values, days on market (DOM), and the percentage of homes needing price cuts. With these figures being unavailable, it's challenging to provide a definitive assessment of how affordable property acquisitions would be in ZIP 63472. However, the absence of these numbers could indicate either a limited housing market or an underreported area, both of which might pose challenges for investors looking to acquire properties.
Tenant demand in ZIP 63472 is relatively low. The total population is 439, with only 16.1% of residents identified as renters. This means there are approximately 71 potential tenants in the area. Such a small number of renters suggests that finding tenants willing to pay the market rate, let alone the FMR, will be difficult.
Verdict: ZIP 63472 presents a challenging investment scenario for landlords and small-portfolio investors. The significant gap between the FMR and the actual market rent indicates a mismatch in pricing expectations. Additionally, the lack of detailed acquisition metrics makes it hard to gauge the ease of buying properties. Finally, the low renter share of the population implies a limited pool of potential tenants, making it unattractive for rental investments. Investors should look elsewhere for better opportunities.
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.