Section 8 Fair Market Rent (FMR) for ZIP 64469 - 2027

Location: Gentry County, MO | Metro: St. Joseph, MO-KS MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$750
2 Bedrooms	$970
3 Bedrooms	$1,230
4 Bedrooms	$1,420
5 Bedrooms	$1,647
6 Bedrooms	$1,845
7 Bedrooms	$1,993
8 Bedrooms	$2,093

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,225

Median Household Income

$62,059

Housing Units

962

Renter Percentage

28.8%

Occupancy Rate

90.6%

Renter Occupied

251

The ZIP code 64469, located in the heart of Missouri, offers a stable real estate market with both rental and homeownership opportunities. The area is characterized by a mix of suburban and rural settings, providing a comfortable living environment for residents. For landlords and small-portfolio investors looking to enter this market, understanding the key metrics can help guide investment decisions.

Fair Market Rent (FMR): The FMR for ZIP 64469 in fiscal year 2024 is set at $900, indicating the average rent level that HUD deems appropriate for the area.
Market Rent: According to the Census American Community Survey, the actual market rent in ZIP 64469 is $759, suggesting that there might be room for slight increases without pricing out tenants.
Median Home Value: The median home value stands at $211,128, which is relatively low compared to other parts of the state, making it an attractive option for first-time buyers or investors looking for affordable entry points.
Renter Share: Approximately 28.8% of households are renters, showing a significant portion of the population that relies on the rental market for housing.
Days on Market (DOM): The data does not provide specific days on market information, but this metric is crucial for assessing how quickly properties are selling or renting.
Median Income: With a median household income of $62,059, tenants have the financial capability to afford rents around the FMR and market rent levels.

Investors considering ZIP 64469 will find a balanced market where rental properties can be priced competitively while still being within reach for local residents. The gap between the Fair Market Rent and the actual market rent suggests potential for modest rent hikes. The median home value indicates a buyer-friendly environment, potentially offering good deals for those interested in property flipping or long-term investments. The significant renter share underscores the demand for rental units, making it a viable sector for investment. However, without specific days on market data, further investigation is needed to gauge the speed of transactions in the area. Overall, the combination of reasonable rents and median incomes supports a healthy rental market, making ZIP 64469 a solid choice for real estate investment.

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.