Location: Stoddard County, MO | Metro: New Madrid County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The market in ZIP code 63833 presents a dynamic environment for landlords and small-portfolio investors, particularly when framed through the lens of the Fair Market Rent (FMR) data. With an FMR of $890 for the fiscal year 2026, this figure indicates the rental rate at which low- and moderate-income families can afford decent housing without paying more than 30% of their adjusted income for housing costs. However, the absence of current market rent data suggests that either the area is less studied or there's a lack of recent comprehensive surveys.
The FMR being set at $890 implies a level of affordability that could attract a diverse range of tenants, especially those benefiting from housing assistance programs. Given that the FMR is often below the market rent, it's reasonable to infer that actual rents might be higher, indicating potential demand that could support higher rental rates. The lack of data on price-cut shares and days on market (DOM) makes it challenging to directly assess whether supply outpaces demand or vice versa. However, the current snapshot does suggest that the area has a significant renter population, with 15.5% of residents identifying as renters.
This 15.5% renter share is a critical metric. It reflects a substantial portion of the population who prefer or require rental housing over homeownership. While this percentage alone doesn't indicate if supply or demand is stronger, it does highlight a persistent and possibly growing need for rental properties. In areas where the renter share is high, there tends to be a continuous pressure on housing availability, as renters often move more frequently than homeowners, leading to a constant churn in the rental market.
The median home value data being unavailable further underscores the importance of focusing on the rental sector in ZIP 63833. This missing piece of information could imply that the majority of the housing stock is rented rather than owned, or it could simply reflect incomplete data. Nonetheless, the presence of a notable renter population suggests that landlords and small-portfolio investors should pay close attention to trends in rental demand and the availability of rental properties to understand the balance between supply and demand.
In summary, while specific details on current market rents, price-cut shares, and DOM are lacking, the FMR of $890 and the 15.5% renter share paint a picture of a market in motion, driven by a steady demand for rental housing. This demand is likely to exert long-term pressure on the housing market, favoring those who can offer attractive rental units that meet the needs of a diverse tenant base.
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.