Location: Worth County, MO | Metro: Worth County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
ZIP code 64420, located within the Worth County, MO metro area, has a Fair Market Rent (FMR) of $890 for fiscal year 2026. This figure is crucial for landlords and small-portfolio investors as it reflects the maximum amount that a Section 8 voucher can cover in this area. Given that the market rent and home values are not available, we must rely on the FMR and the renter share to make informed inferences about its position within the metro.
The renter share of 15.0% is notable but not necessarily indicative of the overall trend without comparative data. However, since the FMR is explicitly stated, we can assume that the rental market in ZIP 64420 is likely to be influenced by this benchmark. If the actual market rents are close to or slightly above the FMR, then 64420 could be considered a mid-tier neighborhood where properties are affordable yet still command reasonable rents.
In the absence of specific market rent and home value data for other ZIP codes in Worth County, MO, we cannot definitively categorize 64420 as a value pocket or a premium sub-market. However, the high renter share combined with the known FMR suggests that there is significant demand for affordable housing in this area. This makes 64420 a potentially attractive location for landlords who focus on serving tenants with Section 8 vouchers.
Typically, a higher renter share in an area with below-average home values might signal a sweet spot for Section 8 investments. Landlords in such areas can benefit from the stability of government-backed rent payments while also catering to a larger pool of potential tenants. Although specific comparative figures for home values and market rents are not available, the FMR of $890 provides a solid reference point for setting competitive rental rates and understanding the financial landscape.
To fully assess the investment potential of ZIP 64420, further research into local market conditions, including trends in rental prices and property values, would be advisable. Nonetheless, based on the provided data, 64420 appears to be a stable mid-tier neighborhood with a strategic advantage for those interested in Section 8 tenancy.
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.