Location: Vernon County, MO | Metro: Vernon County, MO
| 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 investment landscape in ZIP code 64765 presents several challenges for landlords and small-portfolio investors considering Section 8 participation. Tenant turnover is a significant concern due to the disparity between the market rent and the Fair Market Rent (FMR) of $890 set for fiscal year 2026. This gap can lead to higher tenant churn as individuals may seek better rental options that align more closely with their financial expectations.
Vacancy exposure is another critical issue. The average days on market (DOM) for rental properties in this area is not available, which makes it difficult to predict how long properties might remain vacant. A prolonged vacancy period can significantly impact cash flow and profitability.
The deferred maintenance exposure is also noteworthy. Without specific data on typical home values and median incomes in ZIP 64765, it's challenging to assess the financial capacity of tenants to maintain the property beyond basic wear and tear. This uncertainty can translate into higher repair costs and maintenance issues over time.
Despite these risks, the 0.0% renter share statistic stands out. Typically, high renter density areas exhibit increased demand for housing vouchers, which can stabilize occupancy rates and provide a steady stream of income. However, this particular ZIP code does not follow that pattern, indicating an unusually low number of renters relative to homeowners. This anomaly suggests that there may be fewer potential voucher holders seeking rental accommodations, which could limit the pool of eligible Section 8 tenants.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 64765.
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.