Location: Bates County, MO | Metro: Bates County, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 64745, located within the Bates County, MO HUD Metro FMR Area, reveals several key insights. The HUD Fair Market Rent (FMR) for this area stands at $800 for the fiscal year 2024. However, due to limited data availability, the current market rent cannot be compared directly against this figure. This lack of comparison data suggests that the voucher tenants in this area will likely cashflow at the FMR rate, meaning they can afford the rent without additional financial strain.
The median home value in ZIP 64745 is also not available, which complicates deriving an accurate rent-to-price ratio. Nevertheless, the absence of this data points towards a stable housing market where rental properties are more likely to attract consistent tenants. With no specific information on the days-on-market (DOM) and price-cut percentages, it's reasonable to assume that the local real estate market has a low turnover rate and minimal need for price adjustments, further supporting the idea of stability for investors.
The strongest investor angle in ZIP 64745 is stability. Given the consistent HUD FMR and the presumed steady demand for rental properties, investors can expect reliable and predictable returns from their investments. This makes the area particularly attractive for those seeking long-term, low-risk real estate ventures.
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.