Location: Washington County, MO | Metro: Washington County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 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 63674 is located in a predominantly owner-occupied neighborhood, with a population of 48 residents and 0.0% of them being renters. This indicates that the area is almost entirely composed of homeowners rather than tenants. The median household income and median home value are not available, which suggests a lack of comprehensive data on the economic status of the residents.
Despite the limited data on local market rents, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 has been set at $920. This figure represents the government's benchmark for determining the affordability of housing under the Section 8 program and is based on broader regional trends rather than specific ZIP code data.
Given the characteristics of ZIP 63674, it is clear that this area would not be well-suited for a hands-off Section 8 voucher operator. The extremely low percentage of renters and the lack of detailed market rent data indicate that there is little demand for rental properties that rely solely on Section 8 vouchers. Instead, a hands-on value-add buyer might find opportunities here, particularly if they can identify ways to attract a broader range of tenants or improve property values through renovations and strategic management.
To conclude, while the FMR provides a guideline for rental pricing, the unique situation in ZIP 63674 makes it challenging for traditional Section 8 investments. Landlords and small-portfolio investors should focus on creating added value through property improvements and diversifying their tenant base beyond those relying on Section 8 assistance.
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.