Location: Miller County, MO | Metro: Jefferson City, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
5.5% of the residents in ZIP 65058 are renters, indicating a modest demand for rental properties in the area. However, the $800 Fair Market Rent (FMR) for zip FY 2024 suggests that landlords can charge a reasonable rate for their units, aligning closely with the $544 average market rent reported by the Census ACS. This indicates that the local rental market is fairly competitive but still offers opportunities for landlords to earn above-average rents through Section 8 contracts.
$71,771 is the median income for households in ZIP 65058, which is relatively low compared to national averages. This economic profile supports the presence of a significant Section 8 population, as many residents rely on government assistance to afford housing. The $282,717 median home value reflects a stable real estate market where property values have remained steady, offering landlords a predictable investment environment.
The absence of data on days on market (DOM) and the percentage of price-cut shares suggests that the real estate transactions in ZIP 65058 are not highly volatile. Properties typically sell without extended periods on the market or substantial price reductions, implying a balanced market with consistent buyer interest.
In conclusion, while the renter share is only 5.5%, the alignment between the $800 FMR and the $544 market rent, combined with the lower median income, makes ZIP 65058 a suitable location for Section 8 investments. Landlords can expect a stable and predictable rental market with reasonable returns. Verdict: ZIP 65058 is a viable option for Section 8 investments.
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.