Location: Reynolds County, MO | Metro: Carter County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 63965, located within the Reynolds County, MO metro, presents an interesting profile when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 63965 is set at $910 for fiscal year 2026, which is notably higher than the average market rent of $613. This suggests that while the government's estimate for adequate housing costs is elevated, the actual rental market is more affordable.
The median home value in ZIP 63965 stands at $164,044, which is likely below the metro-wide average, indicating a potentially lower cost of property ownership relative to other areas in the county. This could be significant for landlords and small-portfolio investors looking to acquire properties at a more reasonable price point.
A key metric for understanding the rental dynamics is the renter share, which is 41.8% in ZIP 63965. This figure is higher than the typical share in Reynolds County, suggesting a greater demand for rental units. High renter share combined with below-metro average home values can often signal a favorable environment for Section 8 tenants, making it a sweet spot for landlords who participate in the program.
To summarize, ZIP 63965 appears to be a value pocket within the Reynolds County, MO metro. Its FMR is higher than the market rent, indicating a subsidy advantage for landlords participating in Section 8. The below-average home values also suggest a more affordable entry point for property acquisition, while the above-average renter share points to strong demand for rental properties. These factors collectively make ZIP 63965 an attractive area for investment, especially for those interested in leveraging the Section 8 program.
Investors should note the following specifics:
Given these metrics, ZIP 63965 represents a strategic opportunity for those seeking to invest in a rental market with a robust Section 8 presence and relatively low barriers to entry in terms of property acquisition costs.
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.