Location: Nodaway County, MO | Metro: Gentry County, MO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $89,086 | 1.28% | A |
| 3BR | $1,570 | $189,967 | 0.83% | C |
| 4BR | $1,910 | $289,249 | 0.66% | D |
U.S. Census Bureau data (2024)
ZIP code 64489 in Gentry County, Missouri, stands out due to its unique demographic and economic characteristics. With a population of 2,204 residents, 25.0% of whom are renters, the area has a median household income of $54,519 and a median home value of $160,982. These figures indicate a community that is relatively modest in size but maintains a stable economic environment.
The voucher economics in ZIP 64489 provide insight into the rental market dynamics. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $990, whereas the current market rent, based on Census American Community Survey (ACS) data, is $824. This discrepancy suggests that landlords who accept Section 8 vouchers can expect to receive higher rents compared to the local market rate, potentially offering a financial advantage.
Evaluating the overall data signature, ZIP 64489 presents itself as a stable market. The median income and home values suggest a consistent economic situation without significant fluctuations. Additionally, the slight increase in rental prices through Section 8 vouchers could further support the stability of the housing market for both tenants and landlords.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.