Location: Vernon County, MO | Metro: Vernon County, MO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $990 | $111,810 | 0.89% | C |
| 3BR | $1,250 | $187,719 | 0.67% | D |
| 4BR | $1,490 | $262,196 | 0.57% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 64772, Nevada, MO, presents a unique opportunity for both landlords and small-portfolio investors. The median home value stands at $161,820, indicating a relatively affordable entry point into the housing market. Despite this, only 0.2% of listings have seen reductions in price, suggesting that sellers maintain strong pricing power and are not compelled to lower their asking prices significantly. This resilience in pricing, combined with an unreported median days on market (DOM), implies that homes are either selling quickly or that the market is stable enough to avoid prolonged periods of unsold inventory.
On the rental side, the forward market rate (FMR) for the metro area in fiscal year 2026 is projected to be $910, while the current market rent is $731 based on Census ACS data. This gap signals potential upward pressure on rents as the market adjusts to the higher FMR levels. Investors can expect to see rental income increase as the market aligns with future projections, enhancing the overall financial performance of rental properties in the area.
For long-term investors, the setup suggests a cautious approach to expectations regarding property appreciation. Given the current median home value and the limited reduction in listings, appreciation is likely to remain modest. However, the steady demand for rentals and the anticipated rise in market rates provide a solid foundation for generating consistent cash flow. While the data does not support aggressive appreciation targets, it does indicate a reliable environment for those focused on rental yields rather than rapid capital gains.
Investors should also consider the broader economic context of Missouri's real estate market. With the median home value being relatively low and the pricing power evident, there is a balance between affordability and stability. The slight increase in rents expected over the next few years will contribute to a gradual improvement in the investment landscape, making it favorable for those looking to hold onto properties for extended periods.
In conclusion, the current data points to a market where landlords and small-portfolio investors can leverage strong pricing power and anticipate growth in rental income. While appreciation may not be robust, the combination of stable home values and increasing rental rates offers a compelling case for long-term investment in ZIP 64772.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.