Location: Moniteau County, MO | Metro: Cooper County, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 65068 is situated in a rural area characterized by a small community with a total population of 893 residents. Only 15.7% of these residents are renters, indicating a primarily owner-occupied environment. The median household income here stands at $61,667, which suggests a middle-class community. The median home value in the area is $278,778, reflecting a modest yet stable housing market.
From an investment standpoint, the Fair Market Rent (FMR) for ZIP 65068 in fiscal year 2024 is set at $800, while the Census American Community Survey (ACS) indicates a market rent of $805. This close alignment between FMR and market rent means that landlords participating in the Section 8 program can expect their rental incomes to closely match the local market rates, providing a predictable and steady cash flow.
The low percentage of renters in ZIP 65068 points towards a niche market where hands-off voucher operators might find it challenging to secure tenants due to the limited demand for rental properties. However, for hands-on value-add buyers who are willing to renovate and improve properties to attract more renters, there could be potential opportunities. These improvements can help properties stand out in a market where the majority of homes are owner-occupied.
In conclusion, ZIP 65068 is suitable for investors who are prepared to actively manage and enhance their properties to cater to the specific needs of the local rental market. For those seeking a passive investment strategy, the area may present fewer opportunities given the low demand for rentals.
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.