Location: Callaway County, MO | Metro: Callaway County, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The classification of ZIP code 65077 hinges on its Federal Market Rent (FMR) of $980 for fiscal year 2024 and the available demographic data. With a FMR of $980, the rental market in this area is clearly defined by government standards, providing a benchmark for potential yields. However, the lack of specific market rent and home value data complicates a direct comparison, suggesting that while there is a clear guideline for what is considered fair rent, the private market dynamics are less predictable.
Moving to stability factors, the ZIP code shows a modest 2.1% of its population as renters, indicating a lower demand for rentals compared to areas with higher percentages. The absence of day-on-market (DOM) data further limits insight into how quickly properties are typically leased. Additionally, the median household income of $80,625 provides a stable economic base, supporting the ability of residents to meet their rental obligations.
Given these metrics, ZIP 65077 does not fit neatly into a high-yield/low-stability category. Instead, it appears to be a steady-cashflow zone due to the relatively stable income levels and the presence of a government-defined rental standard. The low percentage of renters suggests that the market is not highly competitive, which could imply fewer opportunities for significant rental price increases but also less risk of vacancy. Landlords should expect moderate yields aligned with the FMR without the volatility often associated with purely market-driven rental areas.
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.