Location: Barry County, MO | Metro: Joplin, MO HUD Metro FMR Area
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 | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,500 | $275,847 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP code 64866 in Barry County, MO, stands out within its metro area with specific metrics that define its position. The Fair Market Rent (FMR) for ZIP 64866 is set at $800 for fiscal year 2024, slightly below the market rent of $838. This suggests that while it is not the most expensive area in terms of rental costs, it still aligns closely with the broader market trends.
The median home value in ZIP 64866 is $263,309, which places it in a mid-tier category relative to other ZIP codes in Barry County. This figure indicates that homeownership is accessible but not inexpensive, reflecting a balanced market where both renters and buyers can find suitable options.
A key indicator for landlords and small-portfolio investors is the renter share, which stands at 10.8% in ZIP 64866. This percentage is notable as it points towards a significant portion of the population relying on rentals, which could be advantageous for those looking to invest in properties that cater to this demand.
Comparatively, if the average renter share across Barry County, MO, is lower, then ZIP 64866 could be considered a sweet spot for Section 8 investments due to its higher renter dependency. However, with a median home value that is neither exceptionally low nor high, it does not necessarily qualify as a value pocket or a premium sub-market within the metro.
To conclude, ZIP 64866 presents a balanced opportunity for investors. Its FMR and market rent figures suggest competitive pricing without being overly premium. The median home value reflects a middle-ground scenario, making it suitable for a diverse range of investors. The higher-than-average renter share highlights potential demand for affordable housing, aligning well with Section 8 programs.
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.