Location: Perry County, MO | Metro: Perry County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The ZIP code 63746 presents several challenges for potential Section 8 landlords. Firstly, the tenant turnover rate could be problematic due to the discrepancy between the market rent and the Fair Market Rent (FMR) of $930 set for fiscal year 2026 in the metro area. This difference might lead to difficulties in attracting tenants willing to pay the higher market rates, thereby increasing the likelihood of frequent turnovers.
Secondly, there is significant exposure to vacancies. With an average Days on Market (DOM) that is currently unavailable, it's crucial to understand that longer DOM periods can exacerbate financial strain, especially when relying on a fixed rental income such as that provided by Section 8 vouchers. Vacancies mean lost revenue, and in areas with high competition for rentals, securing tenants quickly becomes paramount.
A third risk factor is deferred maintenance. The typical home value and median income in ZIP 63746 are also currently unavailable, but this typically indicates that homeowners may struggle to maintain their properties adequately. For landlords, this means potential higher costs in repairs and upkeep, which can eat into profit margins if not accounted for properly.
However, these risks must be weighed against the favorable conditions presented by the high renter share of 27.3%. High renter density usually translates into higher demand for rental properties, which in turn increases the likelihood of finding tenants who are eligible for Section 8 vouchers. This strong tenant base can mitigate some of the risks associated with vacancies and turnover, ensuring a steady stream of rental income.
In conclusion, despite the risks posed by uncertain market conditions and potential deferred maintenance issues, the high renter share in ZIP 63746 provides a solid foundation for attracting voucher holders. Therefore, the overall risk for a first-time Section 8 landlord in this area is moderate.
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.