Location: St. Joseph, MO | Metro: St. Joseph, MO-KS MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,440 |
| 5 Bedrooms | $2,830 |
| 6 Bedrooms | $3,170 |
| 7 Bedrooms | $3,424 |
| 8 Bedrooms | $3,595 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,110 | $372,562 | 0.57% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 64436, marked by a median home value of $349,122, presents a nuanced picture for landlords and small-portfolio investors. The current dynamics suggest that pricing power will remain steady over the next 12-24 months, given the median days on market (DOM) is listed as N/A, indicating either a balanced market or a lack of recent sales data to provide a comprehensive view. Additionally, the percentage of listings reduced being N/A points to a potentially stable market where sellers are not frequently lowering their asking prices, further supporting the notion of consistent pricing power.
On the rental side, the Fair Market Rent (FMR) for ZIP 64436 for fiscal year 2024 is set at $970, while the actual market rent stands at $1,660 according to the Census ACS. This discrepancy suggests that there is room for rental income growth, as the market rent exceeds the government's benchmark for affordability. Landlords can expect to maintain or slightly increase rents without significant pushback from tenants, assuming the broader economic conditions remain stable.
For long-term hold investors, the appreciation thesis is less clear. The median home value indicates a moderate price point relative to the broader region, but without specific historical data or trends, it is difficult to assert strong appreciation potential. The setup implies that while steady returns through rental income are likely, significant capital appreciation may be limited unless broader market conditions change, such as an influx of new residents or job opportunities driving up demand.
In summary, ZIP 64436 offers a stable environment for real estate investments, particularly in the rental sector, where higher-than-average rents provide a solid foundation for cash flow. However, for those seeking substantial capital gains, the data suggests a cautious approach, with appreciation expected to be modest rather than robust over the next two years.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.