Location: Linn County, MO | Metro: Chariton County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 64681, located within the Linn County, MO metro, presents an interesting case for real estate analysis. Its Fair Market Rent (FMR) is set at $950 for fiscal year 2026, which is a key figure for landlords and investors involved with Section 8 housing. This FMR reflects the maximum amount that a Section 8 tenant can pay towards their rent, making it a critical benchmark for rental pricing.
Comparatively, the lack of available data on market rent and home values for ZIP 64681 introduces some ambiguity when attempting to place it within the broader context of the Linn County, MO metro. However, the 14.1% share of renters in this ZIP code suggests a notable presence of tenants, which could be indicative of a value pocket within the metro area. Typically, a higher renter share in a ZIP code without corresponding high home values or market rents points towards areas where Section 8 housing might be more prevalent, thus creating a sweet spot for landlords who cater to this demographic.
In the absence of specific market rent and home value figures for other ZIP codes within Linn County, we can still make reasonable inferences based on the provided data. The FMR of $950 serves as a lower bound for rental costs in Section 8 properties, and given the lack of market rent data, it's plausible that 64681 offers rentals at or near this FMR. This would support the notion that 64681 is indeed a value pocket, offering affordable housing options that align well with the financial capabilities of Section 8 participants.
The absence of significant home value data further supports this interpretation, as it implies that the property values in 64681 do not exceed those typically found in the county. For landlords and small-portfolio investors looking to maximize their returns while serving the needs of low-income families, ZIP 64681 represents a viable option. It is positioned as a neighborhood where the demand for affordable rentals is high, as evidenced by the substantial renter share, and where the supply of such units is likely aligned with the FMR established by HUD.
To conclude, while specific comparative figures for market rent and home values are not available, the combination of a defined FMR and a high renter share suggests that 64681 is a value pocket within the Linn County, MO metro. This positioning makes it attractive for investors focused on providing affordable housing solutions through Section 8 programs.
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.