Location: Pemiscot County, MO | Metro: Pemiscot County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
0.0% of residents in ZIP 63840 are renters, indicating a predominantly owner-occupied area. This statistic is crucial for landlords considering investment in this region, as it suggests a market that may not be as robust for rental properties compared to others. $65,227 stands as the median income for this ZIP code, which is an essential figure for evaluating the financial capacity of potential tenants. However, the lack of specific data on market rent and median home value means that landlords must rely on other sources to determine competitive pricing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, providing a benchmark for rental rates that landlords should aim to meet or slightly exceed to remain competitive while ensuring affordability for tenants. Given the absence of data on days on market (DOM) and the percentage of price-cut share, it's advisable for investors to conduct thorough local research to understand the dynamics of property listings and sales. In conclusion, the low renter share combined with a median income of $65,227 and an FMR of $890 presents a challenging but potentially rewarding market for Section 8 landlords who can navigate the complexities of this unique housing environment.
Section 8 Verdict: ZIP 63840 offers a niche opportunity for landlords willing to work within the constraints of a predominantly owner-occupied community, with a clear focus on maintaining rents around $890 to attract Section 8 eligible tenants.
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.