Location: Carroll County, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 64668 within the Carroll County, MO metro area reveals several key points. The HUD Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1050. In contrast, the Census ACS reports an average market rent of $621. This significant gap indicates that voucher tenants can provide positive cash flow to landlords at the FMR rate, making this location favorable for Section 8 investments.
To further evaluate the investment potential, consider the median home value in ZIP 64668, which stands at $197,991. Using this figure, we can calculate the rent-to-price ratio, which is approximately 3.1%. This ratio suggests that rental income could be a stable and potentially lucrative component of property investment in this area, given the disparity between the HUD FMR and the actual market rent.
The data on days on market (DOM) and the percentage of homes that experienced price cuts are not available. However, these metrics would typically help investors gauge the local real estate market's liquidity and the frequency of price negotiations. Despite the lack of these specific indicators, the substantial difference between the HUD FMR and the market rent implies that voucher tenants can support positive cash flow without requiring premium units, thus enhancing the overall stability of the investment.
The strongest investor angle in ZIP 64668 is likely to be cashflow, given the generous HUD FMR relative to the local market rent. This makes it an attractive option for landlords and small-portfolio investors seeking steady, reliable income from their properties.
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.