Location: Jefferson City, MO | Metro: Jefferson City, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP 65048 highlights several critical factors that could impact the success of a Section 8 property venture. Tenant turnover is a significant concern, especially when comparing the market rent to the $800 Fair Market Rent (FMR) set for fiscal year 2024. The lack of data on market rent suggests that landlords might face challenges in attracting tenants who prefer higher-paying market rents over the fixed Section 8 rates.
Vacancy exposure is another risk area. With no data available on the number of days on market (DOM), it's difficult to predict how long a property might remain vacant. High vacancy rates can lead to financial strain, as rental income is crucial for covering mortgage payments, maintenance, and other operational costs.
Deferred maintenance is also a notable risk. Without specific figures on the typical home value, it's challenging to assess the potential costs of upkeep and repairs. However, considering the median income of $88,750, residents might have limited resources to contribute to such expenses, increasing the burden on landlords.
Despite these risks, the 4.4% renter share indicates a high concentration of renters in the area, which typically translates into strong demand for rental properties, including those that accept Section 8 vouchers. This high renter density can provide a stable tenant pool, reducing the likelihood of prolonged vacancies.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 65048.
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.