Location: Dunklin County, MO | Metro: Dunklin County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The analysis of ZIP 63847, located in Dunklin County, Missouri, reveals key insights into its viability for real estate investment, particularly focusing on the rental market.
The rent math in ZIP 63847 does not provide a clear picture due to the lack of available market rent data. However, the Fair Market Rent (FMR) for the area is set at $900 per month for fiscal year 2026, which serves as a benchmark for what landlords can charge to align with federal housing guidelines. Without comparative market rent figures, it's challenging to assess if this amount is realistic or competitive.
Regarding property acquisition, the data is incomplete, with no median home value, days on market (DOM), or percentage of homes that required price reductions being provided. This absence makes it difficult to evaluate the affordability and market conditions for purchasing properties in ZIP 63847.
Tenant demand is evident in ZIP 63847, with a total population of 91 individuals and a 100% renter occupancy rate. This indicates that every resident in the area is a potential tenant, suggesting a strong local need for rental housing.
Verdict: Despite the high tenant demand, the viability of investing in ZIP 63847 remains uncertain due to the lack of crucial data points such as market rent, median home values, and sales dynamics. Landlords and investors should proceed with caution and seek additional local market intelligence before committing to investments in this area. The FMR of $900 offers a guideline but requires validation against actual market rates to ensure profitability.
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.