Location: Daviess 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 64654 is not a renter-heavy area. With a population of 49,000 and only 0.0% of residents identified as renters, the majority of the population owns their homes. This indicates that the demand for rental properties, including those utilizing Section 8 vouchers, is likely to be low.
The median household income in ZIP 64654 stands at $97,188. While the exact market rent is not provided, we can infer that typical rent would consume a relatively small portion of the local income, given the high median income level. For context, the Fair Market Rent (FMR) for the metro area is set at $940 per month for fiscal year 2026. This FMR figure represents the maximum amount a Section 8 voucher holder can pay towards rent, indicating that landlords in this area should not expect a significant number of tenants relying on vouchers due to the limited rental demand.
A landlord operating in ZIP 64654 should anticipate a tenant profile that is predominantly self-sufficient, with individuals or families who have stable incomes and are capable of paying market rent without assistance. Given the homeowner-dominated nature of the area, it is advisable for landlords to focus on attracting tenants who are financially independent and can afford rent that aligns with the higher income brackets prevalent in this ZIP code.
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.