Location: McDonald County, MO | Metro: McDonald County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 64868, located within the McDonald County, MO metro, presents a unique profile when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 64868 is set at $910 for fiscal year 2026, which is a key figure used by the U.S. Department of Housing and Urban Development (HUD) to determine eligibility for Section 8 housing assistance. However, the lack of specific market rent and home value data for this ZIP code makes direct comparisons challenging.
The 0.0% renter share indicates that virtually no residents in ZIP 64868 rent their homes, suggesting a predominantly owner-occupied community. This characteristic diverges significantly from what might be expected in a typical ZIP code within the McDonald County, MO metro area, where some level of rental activity is usually present. The absence of renters could imply lower demand for rental properties, potentially affecting investment opportunities for landlords and small-portfolio investors.
In the context of Section 8 analysis, the $910 FMR provides a benchmark for rental prices that landlords can charge while still qualifying for Section 8 vouchers. Given the lack of market rent data, it's reasonable to infer that actual rents in ZIP 64868 are likely below or around this figure, considering the low renter share. This scenario suggests that 64868 is not a premium sub-market but rather a value pocket within the McDonald County, MO metro area. Premium sub-markets typically have higher renter shares and more robust market rent data, reflecting a diverse mix of homeowners and renters.
The absence of significant rental activity and the lack of specific market rent and home value data make it difficult to pinpoint exact trends, but the low FMR combined with the minimal renter share points towards a less competitive rental environment. For landlords and small-portfolio investors, this ZIP code may offer limited opportunities due to its low rental demand. However, if interested in long-term investments or properties that can qualify for Section 8 assistance, the $910 FMR sets a clear guideline for pricing that can attract eligible tenants.
To summarize, ZIP 64868 appears to be a value pocket within the McDonald County, MO metro area, characterized by a low FMR and virtually no rental activity. This situation contrasts sharply with the usual makeup of ZIP codes within the county, indicating a niche market that may appeal to certain types of investors seeking properties that align with HUD's Section 8 guidelines.
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.