Location: Scott County, MO | Metro: Scott County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 63784 within the Scott County, MO metro area reveals several key points for landlords and small-portfolio investors.
The rent math does not favorably align with the financial metrics available. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920, whereas the actual market rent, as per the Census ACS data, is lower at $866. This indicates that landlords might struggle to achieve rents at the FMR level, suggesting a potential gap between expected and actual rental income.
Regarding acquisition affordability, the data presents a less favorable scenario. With a median home value marked as N/A, it's challenging to gauge the typical cost of property acquisition. Additionally, the days on market (DOM) and the percentage of homes requiring price cuts are also listed as N/A, indicating a lack of recent sales activity or incomplete data. This makes it difficult to assess the current market conditions for buying properties in the area.
Tenant demand is moderate based on the available population and housing data. ZIP 63784 has a total population of 253, with 28.8% of residents being renters. This means approximately 73 individuals are likely seeking rental housing. While the number of potential tenants is not large, it suggests a stable demand for rental properties in the area.
In conclusion, while there is a steady demand for rental housing in ZIP 63784, the rent math does not support the higher FMR projections. The lack of detailed data on median home values, DOM, and price-cut percentages complicates an assessment of acquisition costs and market dynamics. Landlords should proceed cautiously, considering the modest market rent and limited data on property acquisition affordability.
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.