Location: Nodaway County, MO | Metro: Nodaway County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
ZIP code 64445, located within the Nodaway County, MO metro area, presents a unique profile when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for 64445 stands at $890, which is the benchmark set by HUD for the fiscal year 2026. This figure is notably higher than the market rent of $620, indicating that federally subsidized rents are above what the local market naturally demands.
The absence of a reported home value for ZIP 64445 suggests either limited data or a low concentration of home sales, which can be common in rural areas. However, this ZIP has a significant 30.6% share of renters, which is a key metric for identifying potential opportunities for landlords and small-portfolio investors.
Given the disparity between the FMR and the market rent, along with the substantial percentage of renters, it is reasonable to infer that 64445 could serve as a value pocket within the Nodaway County, MO metro. Landlords who can offer rental units at or slightly above the market rate of $620 could attract tenants benefiting from Section 8 subsidies, thereby ensuring steady occupancy and potentially higher returns relative to the local market conditions.
The high renter share combined with the lack of available home values points towards an environment where rental housing is the primary form of accommodation. This characteristic aligns well with the criteria often seen in areas favorable for Section 8 properties, where the demand for affordable rentals is strong.
In conclusion, ZIP 64445 appears to be a promising value pocket within its metro, offering opportunities for landlords willing to cater to the needs of subsidized renters. The financial dynamics suggest a stable and potentially lucrative market for rental investments, especially those designed to accommodate Section 8 participants.
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.