Location: Butler County, MO | Metro: Butler County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
ZIP code 63902, located in Butler County, MO, presents a unique scenario within its metro area when compared to typical ZIP codes. The Fair Market Rent (FMR) for the area is set at $900 for fiscal year 2026, which is a key figure for landlords and small-portfolio investors dealing with Section 8 housing.
The lack of available market rent and home value data for ZIP 63902 makes direct comparisons challenging. However, the absence of these figures can be indicative of several factors. For instance, it could suggest that the area is less developed or has fewer properties listed on public databases, which might imply a niche market.
Given the FMR of $900, we can infer that ZIP 63902 is likely a value pocket within the Butler County, MO metro. This is based on the assumption that the FMR typically represents the lower end of the rental market, particularly where subsidized housing is concerned. In contrast, typical ZIP codes in Butler County would likely have higher market rents and home values, placing them in the mid-tier or premium sub-markets.
The unknown percentage of renter share also plays a critical role in understanding the dynamics of ZIP 63902. A high renter share with below-average home values often points to an area attractive to Section 8 participants. While we cannot specify the exact percentage, the combination of a defined FMR and unspecified market rents and home values suggests that the area may cater more to affordable housing options.
In conclusion, ZIP 63902 stands out as a value pocket within the Butler County, MO metro, primarily due to its defined FMR of $900 and the unavailability of market rent and home value data. Landlords and investors should consider the potential for higher demand from renters eligible for Section 8 subsidies, given the area's characteristics.
Data Sources: FMR data from HUD (2027).
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.