Location: Atchison County, MO | Metro: Atchison County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 64482 in the upcoming fiscal year 2026 is set at $1,000. This figure represents the payment standard for Section 8 housing vouchers, which means that if you participate in the program, the Housing Authority will pay up to $1,000 per month for a unit in this area. However, it's important to note that this does not necessarily mean the tenant will pay the remaining balance to reach a total of $1,000.
To put this into perspective, the average rent for a two-bedroom apartment in ZIP 64482 is currently $595 according to the latest Census American Community Survey (ACS) data. This suggests that the FMR is higher than the current market rate, potentially offering landlords a better deal than typical market rents.
The 19.7% renter share indicates that nearly one in five households in this area are renters, showing there is a significant demand for rental properties. This can be advantageous for landlords as it increases the likelihood of finding tenants who qualify for Section 8 assistance.
When considering an initial investment in Section 8 rentals, the median home value of $164,014 can help you gauge the acquisition cost of a property in this ZIP code. This figure is crucial because it affects your overall investment and potential return on investment. Given the FMR and the current average rent, you can expect to receive a payment that covers a substantial portion of your mortgage and maintenance costs.
Before proceeding with your first Section 8 rental in ZIP 64482, ensure that the property meets the Housing Quality Standards (HQS). These standards are designed to ensure that the units are safe, decent, and sanitary for tenants. Verifying compliance with HQS beforehand will save you time and resources in the long run and guarantee that you receive the monthly payments without issues.
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.