Location: Wayne County, MO | Metro: Wayne County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
ZIP code 63950, located within Wayne County, Missouri, presents a unique scenario when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 63950 stands at $890 for fiscal year 2026, which serves as the primary benchmark for understanding the rental market dynamics.
Unfortunately, the specific market rent and home value figures for ZIP 63950 are not available, which complicates a direct comparison with other ZIP codes in Wayne County. However, the absence of these figures and the lack of data on the percentage of renters in the area suggest that 63950 might be less densely populated or have fewer rental properties than other areas in Wayne County.
The FMR of $890 in ZIP 63950 can be interpreted as indicative of a mid-tier neighborhood status within its metro. This figure suggests that while it is not the most expensive area, it also isn't the least costly. Landlords and small-portfolio investors should consider this when evaluating potential returns on investment and setting rental prices.
Without specific data on market rents and home values for comparison, it's challenging to definitively classify ZIP 63950 as a value pocket or a premium sub-market. However, the availability of FMR data alone implies that there is some level of demand for affordable housing in this area, potentially making it a suitable location for Section 8 tenants.
A common indicator of a Section 8 sweet spot is a high renter share coupled with below-average home values. Since we don't have the renter share percentage or home values for ZIP 63950, we cannot confirm if it fits this description. Nevertheless, the presence of an FMR figure without corresponding market rent or home values could imply that this ZIP code has a significant number of subsidized housing units, making it a favorable location for those seeking affordable rental options.
To make a more informed decision about investing in ZIP 63950, landlords and investors should conduct further research into local rental trends and the prevalence of Section 8 vouchers in the area. This will provide a clearer picture of the neighborhood's economic profile and its attractiveness as a rental market.
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.