Location: Vernon County, MO | Metro: Vernon County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The market in ZIP code 64750 presents a unique dynamic, with the Fair Market Rent (FMR) set at $930 for fiscal year 2026. This figure, established by HUD for the metro area, indicates the minimum rent level that properties must meet to qualify under Section 8 guidelines. Despite the FMR being known, current market rent data is not available, suggesting either a lack of recent activity or a localized data collection issue.
The median home value in this area is $220,228, which offers insight into the overall property values and can influence rental pricing. However, the absence of recent market rent data complicates a direct comparison between FMR and actual rents, leaving a gap in understanding the immediate supply-demand balance. If the current market rent were below the FMR, it would suggest that demand is lower than supply, possibly due to economic factors or an oversupply of rental units. Conversely, if market rents were higher, it would indicate a strong demand for rentals, potentially due to limited housing stock or high employment rates.
A 5.7% renter share is relatively low, indicating that the majority of residents in ZIP 64750 own their homes. This statistic suggests that there might be less immediate pressure on the rental market compared to areas with higher renter populations. However, it also implies that long-term housing pressures could build up if there's an increase in population or job opportunities without a corresponding rise in homeownership rates. Landlords and small-portfolio investors should monitor trends in both local employment and population growth to anticipate potential shifts in housing demand.
While the exact trajectory of the rental market in ZIP 64750 cannot be determined from the static snapshot of data, the interplay between the known FMR and the unknown market rent provides a basis for strategic decision-making. Investors should consider the broader implications of the low renter share and median home value when evaluating the potential for rental income and property appreciation in this area.
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.