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 |
U.S. Census Bureau data (2024)
35.0% of residents in ZIP code 63961 are renters, highlighting a significant demand for rental properties. In this area, the Fair Market Rent (FMR) for metro FY 2026 is set at $890, which is notably higher than the average market rent reported by the Census ACS at $631. This discrepancy suggests an opportunity for landlords to potentially increase their rents closer to the FMR without losing tenants. The median income in ZIP 63961 stands at $39,167, indicating that the average household can afford to pay approximately 30% of their income towards housing costs, aligning well with the FMR. However, the lack of data on median home values (N/A) and days on market (DOM) (N/A) implies a scarcity of home sales data, possibly due to the high renter share. Similarly, the absence of data on the percentage of price-cut shares (N/A%) points to a stable pricing environment for homes, but given the focus on rentals, this metric is less relevant. For landlords and small-portfolio investors looking to enter or expand in ZIP 63961, the combination of a substantial renter base and a favorable gap between market rent and FMR presents a promising investment scenario. The median income supports affordability for the FMR, further underlining the viability of rental investments. In conclusion, ZIP 63961 is a strong candidate for Section 8 properties, with the potential to attract a steady stream of eligible tenants willing to pay up to $890 per month.
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.