Location: Harrison County, MO | Metro: Harrison County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 64442 in Harrison County, Missouri, reveals several key points for landlords and small-portfolio investors.
The rent math does not favorably align with the financial parameters set by the government. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $890, whereas the actual market rent as per Census ACS data stands at $725. This discrepancy suggests that landlords might struggle to cover costs and maintain profitability if they rely solely on the FMR benchmark.
Regarding property acquisition, the data presents a mixed picture. The median home value is listed as N/A, which indicates a lack of comprehensive data on typical housing prices in the area. Additionally, the average number of days on the market (DOM) and the percentage of homes that required a price cut before selling are also marked as N/A, making it difficult to assess the affordability and speed of acquiring properties in this ZIP code.
Tenant demand appears to be moderate. With a total population of 951, the renter share stands at 15.9%, indicating a niche but steady pool of potential tenants. However, the relatively low number of residents means that the overall rental market size is limited.
Verdict: While there is a stable demand for rentals in ZIP 64442, the gap between the FMR and the actual market rent poses a challenge for profitability. The lack of detailed acquisition metrics makes it hard to gauge the ease and cost-effectiveness of purchasing properties in this area. Investors should proceed with caution, focusing on areas where the market rent more closely aligns with the FMR and where more robust data on property values and sales trends are available.
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.