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 |
|---|---|---|---|---|
| 3BR | $1,250 | $219,048 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 64790 is located in the heart of rural Missouri, offering a tranquil setting with access to natural landscapes and a slower pace of life. This area is characterized by its blend of residential tranquility and proximity to amenities that support daily living needs.
Investors considering the ZIP 64790 market should note the gap between the Fair Market Rent and the actual market rent, which presents an opportunity for price adjustments. The median home value indicates a relatively affordable market, suitable for first-time buyers and investors looking to enter at a lower cost point. With a significant portion of the population renting, there is a steady demand for rental units, though competition may exist among landlords. The median income figure supports the potential for stable rental payments and home purchases, aligning well with the property values and rents observed. Overall, the ZIP 64790 offers a balanced investment environment with room for strategic pricing and property management practices to thrive.
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.