Location: Macon County, MO | Metro: Chariton County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
ZIP 63558, located in Macon County, Missouri, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for a two-bedroom apartment in the area for fiscal year 2026 is set at $890. This figure is higher than the market rent of $581, indicating a positive spread that supports stable cash flow.
The median home value in ZIP 63558 is $254,324, which suggests that the area has a relatively low cost of entry for rental properties. However, the FMR is significantly higher than the market rent, providing a cushion for landlords participating in the Section 8 program. This spread ensures that landlords receive a consistent and reliable income stream that exceeds the typical market rate.
The median income in the area is $65,750, which supports the demand for affordable housing options. With a 15.6% renter share, there is a notable portion of the population that could benefit from Section 8 vouchers, making it a suitable location for such investments.
In conclusion, ZIP 63558 is best suited as a cash-flow anchor due to the substantial spread between the FMR and the market rent, ensuring steady and reliable income for landlords. The low median home value also makes it an attractive area for acquiring rental properties at reasonable costs.
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.