Location: Atchison County, MO | Metro: Atchison County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 64491 in Atchison County, Missouri, reveals several key points regarding its viability for Section 8 real-estate investment.
First, let's examine if the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $910. However, the current market rent, as per Census ACS data, stands at $667. This discrepancy means that landlords accepting Section 8 vouchers would be receiving a significantly higher rent compared to the local market average, making the rent math favorable for those willing to participate in the program.
Second, we assess the affordability of property acquisition. With a median home value of $125,828, properties in this ZIP code are relatively inexpensive. Unfortunately, the data on Days on Market (DOM) and the percentage of homes that have had their prices cut is not available, which makes it difficult to gauge how quickly properties sell and whether they are typically sold at a discount. Nonetheless, the low median home value suggests that acquiring properties could be financially manageable for most investors.
Lastly, we consider the tenant demand. ZIP 64491 has a population of 1,638, with 27.3% of residents being renters. This indicates a moderate rental market presence, although the overall number of potential tenants is limited due to the small population size.
In conclusion, ZIP 64491 presents a mixed picture for Section 8 investment. The favorable rent math, with FMRs substantially above the current market rates, supports the economic feasibility of participating in the Section 8 program. The affordable median home values make property acquisition attractive, even without precise information on DOM and price-cut shares. However, the limited population size and moderate renter share suggest that while there is demand, it might not be robust enough to support a large number of units. Investors should proceed with caution, focusing on properties where the higher Section 8 rents can offset any risks associated with a smaller pool of potential tenants.
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.