Location: Pemiscot 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)
To classify ZIP code 63857, we need to analyze its yield and stability based on the provided data points. The yield can be assessed by comparing the Federal Market Rent (FMR) to the actual market rent and the home value. Stability is gauged by looking at the percentage of renters, days on market (DOM), and average income.
The FMR for ZIP 63857 in the fiscal year 2026 is set at $900. This is significantly higher than the current market rent of $649. The disparity suggests that there is potential for higher rental income if landlords can secure tenants willing to pay closer to the FMR. Additionally, the median home value in the area is $111,569. Given the difference between the FMR and market rent, landlords could potentially see a high yield if they can capitalize on the FMR rate.
Moving to stability, the data indicates that 39.2% of residents are renters. While this figure is not exceptionally high, it does suggest a moderate level of demand for rental properties. However, the absence of data regarding days on market (DOM) makes it difficult to assess how quickly properties are being rented out. Lastly, the average income in the area is $55,188. This income level provides insight into the economic health of the community and the ability of residents to afford higher rents.
Based on these figures, ZIP 63857 appears to be a market that offers a balance between yield and stability. It is not a high-yield/low-stability flip-style market, as the rental market shows some resilience with a moderate percentage of renters and a reasonable average income. At the same time, it is not purely a steady-cashflow zone due to the significant gap between FMR and market rent, which indicates room for increasing rental rates. Landlords and small-portfolio investors should consider the potential for higher yields while also preparing for the challenges associated with a moderate-stability market.
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.