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 Section 8 market analysis for ZIP code 63876 in Dunklin County, Missouri, reveals a favorable environment for investors seeking stable rental income. The HUD Fair Market Rent (FMR) for the metro area, set at $890 for fiscal year 2026, significantly exceeds the current market rent of $515 as reported by the Census Bureau's American Community Survey (ACS). This disparity indicates that voucher tenants will cashflow at the HUD FMR level, providing a substantial buffer for landlords.
To derive the rent-to-price ratio, we use the median home value of $94,371. With a monthly rent of $515, the annualized rent is $6,180, resulting in a rent-to-price ratio of approximately 0.0655 or 6.55%. This ratio suggests that rental income can cover a significant portion of the mortgage payment, making investment in this ZIP code financially viable.
The strong cashflow potential is evident given the HUD FMR of $890, which is well above the current market rent. Voucher tenants will not only cover their rent but also contribute positively to the landlord's bottom line, even without considering premium units. The median Days on Market (DOM) and the percentage of homes that experienced price cuts are not available, but these metrics would typically influence the buy-versus-rent decision. However, in this case, the primary focus remains on the robust cashflow generated by the higher FMR compared to the local market rent.
The strongest investor angle in ZIP code 63876 is the cashflow. Given the current market conditions and the generous HUD FMR, landlords can expect consistent positive cashflow from Section 8 tenants, making this an attractive investment opportunity for those looking to generate steady rental income.
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.