Location: Nodaway County, MO | Metro: Atchison County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
U.S. Census Bureau data (2024)
The classification of ZIP code 64428 hinges significantly on the available data points related to yield and stability. With a Fair Market Rent (FMR) of $1,180 for the fiscal year 2026, it stands out in terms of potential rental yields. However, the absence of market rent and home value figures introduces uncertainty into the analysis.
On the stability front, the area has a relatively low percentage of renters at 19.2%. This suggests that the majority of residents are homeowners, which can influence the demand for rental properties. The median household income is listed at $56,250, providing a benchmark for the financial capability of potential tenants. Unfortunately, the number of days on market (DOM) data is also missing, which would have helped gauge how quickly rental properties are typically leased in this area.
Given the FMR figure and the lower-than-average percentage of renters, ZIP 64428 does not fit neatly into a high-yield/low-stability 'flip-style' market category. Instead, it leans towards a steady cash flow zone due to the consistent rental income potential indicated by the FMR. However, the relatively low renter population might imply slower leasing periods, which could affect the overall stability and liquidity of the investment.
To conclude, ZIP 64428 appears to be positioned more as a steady cash flow zone rather than a high-yield/low-stability market. Landlords and small-portfolio investors should expect solid but not exceptionally high rental yields, with a moderate level of stability influenced by the local income levels and the prevalence of homeownership over renting.
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.