Location: Atchison County, MO | Metro: Atchison County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,200 |
| 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 64498 in Atchison County, Missouri, reveals several key points regarding its viability for Section 8 investments.
The rent math does not work favorably due to the lack of available market rent data. The Fair Market Rent (FMR) for the area, set at $920 per month for the fiscal year 2026, cannot be directly compared against current market rates, which are unavailable. This makes it difficult to assess whether the FMR is above or below the actual rental prices in the area.
Acquisition affordability is questionable given the absence of specific data on median home values, days on market (DOM), and the percentage of homes that have been listed with a price cut. Without these figures, it's impossible to provide a clear assessment of how easy or difficult it would be to acquire properties in this ZIP code at a reasonable cost.
Tenant demand is relatively low. The ZIP code has a total population of 221, with only 5.2% of residents being renters. This indicates that there are fewer potential tenants interested in renting properties, which could lead to challenges in filling vacancies and maintaining consistent occupancy rates.
In conclusion, while the Fair Market Rent of $920 provides a benchmark for rental income, the lack of market rent data complicates the rent math equation. Acquisition affordability remains unclear without detailed property market statistics. Moreover, the low renter share of 5.2% suggests limited tenant demand, making ZIP 64498 less attractive for Section 8 investments. Landlords and small-portfolio investors should consider these factors carefully before committing to this market.
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.