Location: Lewis County, MO | Metro: Clark County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The ZIP code 63473 stands as a market in motion, characterized by a snapshot that provides insight into its current dynamics. With a Fair Market Rent (FMR) set at $900 for fiscal year 2026, this figure serves as a benchmark for rental properties in the area. The lack of specific data on market rent, price-cut share, days on market (DOM), and median home value suggests a less transparent real estate landscape, which can be indicative of a market that is either developing or undergoing changes.
The absence of recent market rent data implies that the local rental market might not have extensive reporting, possibly due to a smaller number of transactions or a less competitive environment. A lower price-cut share and shorter DOM could suggest a market where demand meets supply relatively well, but without concrete numbers, these inferences remain speculative.
A median home value figure is also missing, which typically would give us an idea of the overall property values in the area. However, the presence of a median FMR without corresponding market rent figures points towards a reliance on subsidized housing options, such as those supported by Section 8 vouchers, in this region.
The 17.9% renter share highlights a significant portion of the population that relies on rental housing, indicating potential long-term housing pressure. This percentage suggests that a considerable number of residents in ZIP 63473 are not homeowners, which could mean ongoing demand for rental properties. For landlords and small-portfolio investors, this statistic underscores the importance of maintaining a steady supply of rental units to meet the needs of the local renters.
In summary, while the data for ZIP 63473 is limited, the reliance on FMRs and the notable renter share point towards a market that is currently stable yet dependent on rental options. Landlords should focus on providing quality rental units that align with the FMR guidelines to attract tenants and ensure a consistent income stream. Small-portfolio investors must be prepared for a market that may require patience and flexibility, given the less frequent turnover and competitive pricing dynamics suggested by the available data.
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.