Location: Harrison County, MO | Metro: Daviess County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 64636, located in Harrison County, Missouri, reveals several key points that are essential for landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area is set at $1,140 for the fiscal year 2026. However, the current market rent data is not available, which makes it difficult to directly compare the two figures. This absence of market rent data suggests an incomplete picture, but the FMR provides a benchmark for what is considered fair in the rental market.
Regarding the affordability of property acquisition, the median home value is not specified, nor is the average number of days on the market (DOM) or the percentage of homes that required price cuts to sell. Without these metrics, assessing the affordability of acquiring properties in this ZIP code remains speculative. It's crucial for potential investors to seek out detailed local real estate reports to fill in these gaps before making any investment decisions.
The third question concerns tenant demand. With a total population of 217 and a renter share of 9.4%, the tenant pool is relatively small. This indicates that there might be limited demand for rentals, which could affect occupancy rates and the overall viability of rental investments in this area.
Verdict: The ZIP code 64636 presents a challenging investment scenario due to the lack of comprehensive market data and a low renter share. While the FMR of $1,140 offers a starting point for rental pricing, the absence of current market rent figures and detailed acquisition cost data makes it difficult to confidently recommend investment in this area. Investors should proceed with caution, ensuring they gather thorough local insights before committing resources to rental properties in Harrison County, Missouri.
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.