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)
To classify ZIP code 65054 based on yield and stability, we must consider several key factors: the Fair Market Rent (FMR), the percentage of renters, and the median household income. The FMR for a one-bedroom apartment in ZIP 65054 for fiscal year 2024 is set at $800, which is a specific figure that can drive rental yields. However, without comparative market rental rates or typical home values, it's challenging to fully assess the yield potential. Nonetheless, given the FMR, landlords can expect to charge close to this amount, ensuring a predictable income stream.
The stability of the market is somewhat compromised due to limited data points. Only 2.6% of the population are renters, indicating a low demand for rental properties. This figure suggests that the area is primarily owner-occupied, which could lead to lower occupancy rates and increased vacancy periods for landlords. Additionally, the lack of data regarding days on market (DOM) and median household income makes it difficult to predict the financial health of potential tenants and the competition they face from homeownership options.
Despite these limitations, the classification leans towards a steady-cashflow zone. The primary driver for this assessment is the known FMR, which provides a reliable benchmark for rental pricing. Landlords can expect consistent cash flows if they can secure tenants willing to pay the FMR. However, the low percentage of renters poses a risk to the overall stability of the market. To mitigate this risk, landlords should focus on maintaining high-quality properties to attract and retain tenants in a competitive environment where homeownership seems to be the preferred option.
In summary, ZIP 65054 offers a moderate yield opportunity with a known FMR of $800 for one-bedroom apartments. The stability is questionable due to the low percentage of renters and insufficient data on income levels and market conditions. Therefore, it is best suited for those seeking a steady-cashflow zone but who are also prepared to manage the challenges posed by a low-renter market.
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.