Location: Livingston County, MO | Metro: Daviess County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 64648 stands out in County due to its unique demographic and economic characteristics. With a total population of 2,396, it has a relatively low percentage of renters at 19.1%, indicating that homeownership is more prevalent than in many other areas. The median income in this ZIP is $74,821, which suggests a moderate level of financial stability among its residents. Additionally, the median home value of $292,943 is higher than the national average, reflecting a more affluent community.
When it comes to the economics of Section 8 vouchers, the data in ZIP 64648 is particularly interesting. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940, while the actual market rent, according to Census ACS data, is significantly lower at $498. This disparity means that landlords who accept Section 8 vouchers can expect to receive a higher rental income compared to the local market rate, potentially making it a more attractive option for property owners in this area.
The data signature of ZIP 64648 reads as stable. The high median home value combined with a moderate median income indicates a community that is financially secure but not overly reliant on renters. Given these conditions, landlords might find that accepting Section 8 vouchers could help fill vacancies without sacrificing too much in terms of rental income. However, the low percentage of renters also suggests that there may be limited demand for rental properties overall, including those that accept vouchers.
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.