Location: Livingston County, MO | Metro: Carroll County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 64643 stands out within its county due to its unique demographic and economic characteristics. With only 1,088 residents, it is a small community where 15.2% of the population rents their homes. The median income here is $56,688, which is relatively modest compared to the median home value of $274,508. This suggests that homeownership is financially challenging for many residents, making rental properties an essential part of the local housing market.
The Federal Market Rent (FMR) for ZIP 64643 is set at $890 for fiscal year 2026, significantly higher than the current market rent of $656 based on Census ACS data. This discrepancy indicates a potential opportunity for landlords who participate in the Section 8 program, as they can receive higher payments than the typical market rate. However, it also highlights a possible gap between government estimates and actual market conditions, which could affect the willingness of some landlords to accept vouchers.
Evaluating the data signature of ZIP 64643, the community appears to be in a transitional phase. While the median home value is high relative to the median income, the low percentage of renters suggests that there might be room for growth in the rental sector. As the economy evolves and more residents seek affordable housing options, the demand for rental properties could increase, potentially narrowing the gap between FMR and market rent rates.
To summarize, ZIP 64643 offers a niche market for landlords and small-portfolio investors, particularly those willing to engage with the Section 8 program. The current FMR of $890 provides a financial incentive for participating landlords, although the actual market rent of $656 should be considered. Given these factors, the ZIP code's future is likely transitional, with opportunities for both challenges and rewards in the rental 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.