Location: McDonald County, MO | Metro: McDonald 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 | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $165,718 | 0.58% | F |
| 3BR | $1,330 | $246,042 | 0.54% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 64831, located in Anderson, Missouri, hinges on an analysis of both yield and stability metrics. On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $890, while the market rent stands at $768. The median home value is significantly higher at $242,671. This suggests that the rental market is less lucrative compared to the overall housing market, indicating a lower yield potential.
Moving to the stability axis, we see that 30.3% of residents are renters. The average daily days on market (DOM) data is not available, which could indicate either a stable market or a lack of recent sales activity. However, the median household income of $63,254 provides insight into the financial health of the population, suggesting a moderate level of stability.
Based on these figures, ZIP 64831 does not qualify as a high-yield market due to the relatively low rental rates compared to the median home values. It also does not fit the profile of a steady-cashflow zone, as the renter percentage is modest and there's uncertainty around the DOM metric. Instead, it appears to be a market that offers moderate stability but limited upside in terms of rental yields. Landlords and small-portfolio investors should expect modest returns and prepare for a market that may not offer significant growth opportunities in the near future.
To summarize, the rental yield is driven by the difference between the FMR ($890) and market rent ($768), which is not substantial given the median home value of $242,671. Stability is moderately supported by the renter rate (30.3%) and median income ($63,254), though the absence of DOM data introduces some ambiguity. Therefore, ZIP 64831 is best classified as a moderately stable market with limited yield potential, suitable for those seeking a consistent, if not highly profitable, investment environment.
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.