Location: Miller County, MO | Metro: Camden County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
ZIP code 65017 within the Miller County, MO metro area presents a unique profile compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 65017 is set at $890 for fiscal year 2026, which is higher than the market rent of $775. This suggests that while government subsidies aim to cover a slightly higher rent amount, the actual market conditions offer a more affordable rate.
The median home value in ZIP 65017 stands at $232,757. This figure aligns closely with the average home values found in other ZIP codes within Miller County, indicating that 65017 is neither significantly cheaper nor more expensive than its counterparts.
The renter share in ZIP 65017 is notably high at 20.9%. This is a key indicator for landlords and small-portfolio investors looking to enter a stable rental market. A higher percentage of renters often correlates with a greater demand for rental properties, which can be particularly beneficial if the home values are below the metro average. However, in this case, the home values are consistent with the county average, suggesting that the area is well-suited for both homeowners and renters.
Given the data, ZIP 65017 appears to be a mid-tier neighborhood within the Miller County, MO metro. It offers a balance between the affordability of market rents and the stability of a decent renter share. Landlords should consider the potential for Section 8 tenants given the discrepancy between the FMR and market rent, as this could provide a steady stream of income through government subsidies.
To summarize, the combination of a moderate FMR, competitive market rent, average home values, and a substantial renter share positions ZIP 65017 as a promising investment opportunity for those interested in the rental market within Miller County. While it doesn't represent a premium sub-market due to its alignment with county averages, it also isn't a value pocket since its home values aren't below average. Instead, it's a balanced option where rental properties can thrive under the right management practices.
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.