Location: Chariton County, MO | Metro: Chariton County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
The typical rent for a 1-bedroom apartment in ZIP code 64676 is $677 per month, according to HUD Fair Market Rent data for fiscal year 2026. This is notably lower than the FMR of $900, indicating that there could be a significant number of Section 8 voucher holders who can afford to live in this area without exceeding their rent allowances. The increase of 9.5% over the past year also suggests a growing demand for rental properties.
Given the median household income of $59,519, the typical market rent of $677 consumes about 12.5% of the monthly income. This percentage is calculated by taking the annual median income ($59,519), dividing it by 12 months, and then comparing the result to the typical rent. It means that a tenant relying on a Section 8 voucher could comfortably afford a 1-bedroom apartment in this ZIP code without stretching their budget excessively.
The type of tenant profile a landlord in ZIP 64676 should expect includes individuals or families who benefit from Section 8 vouchers, given the relatively low market rent compared to the median income. These tenants will typically be looking for affordable housing options and will be constrained by the voucher limits. Landlords should prepare for tenants who may require assistance in meeting their financial obligations, as well as those who value stable and affordable living conditions.
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.