Location: Cape Girardeau, MO | Metro: Cape Girardeau, MO-IL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
The ZIP code 63752 in Cape Girardeau County, Missouri, presents a unique profile that distinguishes it from other areas. With a lack of specific resident numbers and percentages of renters, the area's housing dynamics remain somewhat opaque. However, the median income and median home value are also marked as N/A, indicating that comprehensive economic data for this particular ZIP code is not readily available.
Despite these gaps in detailed demographic information, the Section 8 voucher program provides insight into the rental market. The Fair Market Rent (FMR) for ZIP 63752 for fiscal year 2024 is set at $950. This figure represents the maximum amount a landlord can charge for a unit to be eligible under the voucher program. While the exact market rent is not specified, the FMR serves as a benchmark for affordable housing standards in the area.
The voucher economics suggest that landlords in ZIP 63752 can benefit from participating in the Section 8 program, especially if their properties are valued below or around the $950 threshold. This can attract tenants who might otherwise struggle to find suitable housing within their budget. However, without specific market rent data, it's challenging to assess the direct impact of the FMR on local rental prices.
Given the limited data available, the economic signature of ZIP 63752 reads as transitional. The absence of concrete figures on population, renting rates, and median values indicates that the area might be undergoing changes that have yet to stabilize, making it difficult to predict long-term trends based solely on the current data points. Landlords and small-portfolio investors should proceed with caution and seek additional localized insights before making significant investment decisions.
Data Sources: FMR data from HUD (2027).
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.