Location: Gentry County, MO | Metro: Gentry County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The ZIP code 64438 is located in Darlington, Missouri, and it comprises a predominantly owner-occupied neighborhood with a total population of 77. The data indicates that there are no renters in this area, making it less suitable for traditional Section 8 investment opportunities. However, the median household income and median home value data are not available, which limits a comprehensive financial analysis.
Regarding rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920. This figure is crucial for landlords operating under the Section 8 program, as it dictates the maximum allowable rent for subsidized units. However, the absence of market rent data for ZIP 64438 suggests that the rental market is either non-existent or not well documented, which could indicate a low demand for rental properties.
Given the characteristics of ZIP 64438, it would be challenging for a hands-off voucher operator to find suitable investment opportunities. The lack of renters and incomplete economic data make it difficult to assess the viability of such an approach. On the other hand, a hands-on value-add buyer might find limited opportunities here, as the focus would likely need to shift towards converting owner-occupied homes into rental properties, which requires significant effort and investment.
To conclude, ZIP 64438 is not an ideal location for traditional Section 8 investments due to its small size and low rental demand. Investors considering this area should carefully evaluate the potential for transforming owner-occupied properties into rental units and ensure they have a clear strategy for managing such a niche market.
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.