Location: Nodaway County, MO | Metro: Nodaway County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
ZIP code 64433, located within Nodaway County, MO, presents a unique snapshot when compared against other ZIP codes in the same county. The Fair Market Rent (FMR) for the area stands at $930 for fiscal year 2026, which is a critical figure for landlords and investors interested in Section 8 properties. This FMR is reflective of the rental market's baseline, indicating that the average rental cost for a two-bedroom apartment in this ZIP code should be around this amount.
The lack of specific market rent and home value data for ZIP 64433 introduces some ambiguity but allows us to make inferences based on the available information. With a 12.9% share of renters, it suggests a notable portion of the population relies on rental housing, which could imply a steady demand for rental units. However, without comparative data on market rents and home values, it's challenging to definitively categorize 64433 as a value pocket, mid-tier neighborhood, or premium sub-market.
Typically, a higher renter share combined with lower-than-average home values can signal an area attractive for Section 8 investments. While the renter share in ZIP 64433 is above the national average, the absence of specific market rent and home value data makes it difficult to draw a direct comparison. Nonetheless, the FMR of $930 provides a benchmark for landlords and investors to gauge potential rental income and adjust their strategies accordingly.
To better understand the positioning of ZIP 64433 within the broader context of Nodaway County, MO, it would be beneficial to obtain additional data points such as median home values and average market rents. These figures would allow for a more precise analysis of whether the ZIP code represents a value pocket or a more premium segment of the market.
In summary, ZIP 64433 offers a promising opportunity for those interested in Section 8 investments due to its defined FMR and significant renter population. However, further investigation into market-specific details is recommended to fully assess its potential as a value pocket or premium sub-market within the county.
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.