Location: Worth County, MO | Metro: Nodaway County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,310 |
| 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)
The classification of ZIP code 64486 hinges on its financial metrics, specifically focusing on rental yield and market stability. The rental yield can be gauged by comparing the Fair Market Rent (FMR) of $940 for the metro area in fiscal year 2026 against the market rent of $298. This stark contrast indicates a potential for significant rental income if properties can be acquired at market values.
On the stability axis, ZIP 64486 shows a moderate level of tenant retention, with 38.2% of residents being renters. The lack of data on days on market (DOM) suggests that there might be inefficiencies or limited insights into how quickly properties are rented out, which could imply some risk in terms of vacancy periods. However, the median household income of $26,375 provides a baseline understanding of the economic capacity of the residents to sustain rental payments.
Given these factors, ZIP 64486 leans towards a high-yield/low-stability market. The disparity between the FMR ($940) and the market rent ($298) signals a lucrative opportunity for landlords who can leverage lower acquisition costs to achieve higher rental yields. This characteristic aligns closely with a 'flip-style' market where quick returns through strategic acquisitions and rentals are possible.
However, the absence of data regarding the days on market and the relatively low median income indicate potential instability. Landlords must be prepared for fluctuating occupancy rates and ensure their tenants have a reliable source of income to cover the increased rents that could be charged to approach the FMR levels.
To summarize, while ZIP 64486 offers a high-potential rental yield environment due to the significant difference between FMR and market rent, it also presents challenges related to market stability, primarily due to limited data on rental turnover and average resident income. These conditions suggest an investment strategy that prioritizes short-term gains over long-term stability, with careful consideration of tenant selection to mitigate risks.
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.