Location: Barton County, MO | Metro: Barton County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
25.5% of residents in ZIP code 64762 are renters, indicating a significant demand for rental properties in the area. $760 is the average market rent based on Census ACS data, which is notably lower than the $890 Fair Market Rent (FMR) set for the metro area in fiscal year 2026. This gap suggests potential opportunities for landlords to adjust their rental pricing strategies.
$58,750 is the median income for this ZIP code, providing insight into the financial capabilities of local residents. However, the lack of data on median home values and days on market (DOM) means that investors must rely on other sources to understand the broader housing market dynamics.
The absence of information on the percentage of price-cut shares indicates that there might be stability in the property values, without significant fluctuations due to price reductions. Landlords and small-portfolio investors should focus on the $890 FMR as a benchmark for setting rental rates that align with government standards and ensure compliance with Section 8 programs.
In ZIP 64762, the disparity between the $760 market rent and the $890 FMR presents an opportunity for landlords to increase their rental income while still being within acceptable limits for low-income tenants. The $58,750 median income supports the notion that many residents would benefit from the assistance provided through Section 8 vouchers.
A key consideration for investors is the 25.5% renter share, which underscores the importance of rental properties in meeting housing needs. Given the current data, it's clear that the rental market has room for growth and adjustment towards the FMR levels.
Based on the available metrics, the verdict for Section 8 participation in ZIP 64762 is positive, offering a stable income source for landlords who can navigate the program's requirements effectively.
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.