Location: Columbia, MO | Metro: Columbia, 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 | $840 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,200 | $264,286 | 0.45% | F |
| 3BR | $1,630 | $341,478 | 0.48% | F |
| 4BR | $1,870 | $463,781 | 0.4% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 65010 in Ashland, Missouri, reveals a market that offers a moderate yield with relatively low stability. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1070, while the average market rent stands at $1,188. This indicates that rental properties can command a slightly higher rent than the FMR, which suggests some potential for above-average yields.
However, the median home value of $365,005 places significant constraints on the capital investment required for property acquisition. Given this figure, the initial outlay for purchasing a rental property is substantial, thereby reducing the overall yield when compared to lower-cost areas.
The stability of the market is another critical factor. With only 23.3% of residents being renters, the demand for rental units is limited, which could lead to periods of vacancy and reduced cash flow. The lack of data on the number of days on market (DOM) makes it difficult to assess how quickly properties are leased, but the median household income of $95,559 provides some insight into the economic health of the area. While this income level is respectable, it does not necessarily translate into high rental demand or stability.
In conclusion, ZIP 65010 is best classified as a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The slightly above-FMR rental rates suggest decent returns, but the relatively low percentage of renters and the high median home value indicate that this is not an area where quick flips would be advisable. Instead, long-term investments aimed at generating consistent rental income are more suitable given the current market conditions.
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.