Location: Ripley County, MO | Metro: Ripley County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
7.7% of the residents in ZIP code 63939 are renters, indicating a modest demand for rental properties. The $179,189 median home value reflects a stable housing market, but it's the rental sector where we see the most interesting dynamics. With a $572 market rent derived from Census ACS data, landlords can expect to charge below the $940 Fair Market Rent (FMR) set for metro areas in fiscal year 2026, suggesting a competitive advantage in affordability. However, the median income of $44,125 provides context; it implies that while rents are affordable, they must be set strategically to attract tenants who can reliably pay. The absence of data on days on market (DOM) and the percentage of price-cut shares indicates a lack of volatility in pricing, which could mean steady rental income without the need for frequent adjustments. Given these figures, landlords and small-portfolio investors should focus on offering well-maintained, competitively priced units to capitalize on the steady demand. The Section 8 program, with its fixed payment standards at $940, represents a reliable source of income for those willing to participate. Thus, the verdict on Section 8 for ZIP 63939 is positive, especially for landlords looking for consistent occupancy.
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.