Location: Ripley County, MO | Metro: Butler County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 63945, located within Ripley County, MO, presents a unique snapshot when compared to typical ZIP codes in the county. With a Fair Market Rent (FMR) of $890 for fiscal year 2026, it slightly exceeds the market rent figure of $759, indicating a modest premium for rental properties in this area. This suggests that 63945 might be considered a mid-tier neighborhood within the metro, as it doesn't drastically overprice but still commands a slight premium.
The median home value in 63945 stands at $183,304. While this figure is not explicitly provided for comparison to other ZIP codes in Ripley County, we can infer that it represents a reasonable investment opportunity for landlords and small-portfolio investors. It's important to note that if the typical home values in Ripley County are higher, 63945 could be seen as a value pocket, offering a balance between affordability and rental income potential.
A significant point of interest is the 26.0% renter share in 63945. This percentage is indicative of a notable portion of residents who prefer or require renting over homeownership. In conjunction with the below-FMR market rent of $759, this could signal a sweet spot for Section 8 housing. The discrepancy between the FMR and the actual market rent, combined with a relatively high renter share, suggests that there is an opportunity for landlords to benefit from the federal housing assistance program while maintaining competitive rental rates.
To summarize, 63945 appears to be a mid-tier neighborhood within the Ripley County, MO metro, with a slight premium on FMR but competitive market rents. Its median home value of $183,304 and 26.0% renter share make it particularly attractive for those interested in Section 8 properties, potentially offering a good balance between investment cost and 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.