Location: Jefferson City, MO | Metro: Jefferson City, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
830 is the Fair Market Rent (FMR) for ZIP 65104 (Unknown, MO) as of fiscal year 2024. However, the lack of available market rent data suggests a limited supply of rental properties or insufficient recent sales activity to establish a reliable average. Similarly, the absence of median home value data indicates a scarcity of sold homes in the area, making it difficult to assess the typical price range for homeownership.
N/A represents both the renter share and median income figures for ZIP 65104, highlighting a gap in comprehensive demographic data which could affect investment decisions. Without this information, it's challenging to gauge the financial stability of potential tenants or the demand for rental properties in the area.
N/A also applies to the Days on Market (DOM) and price-cut share statistics, indicating a lack of recent real estate transactions or pricing trends. This absence of data makes it difficult to evaluate how quickly properties sell and whether they require price adjustments to attract buyers.
Given the sparse data available for ZIP 65104, investing in Section 8 properties here carries significant uncertainty. The reliance on the 830 FMR without supporting market rent or median home value data means that landlords must carefully consider the risk of underpricing their properties relative to the actual local rental market conditions.
Verdict: Proceed with caution due to limited market data.
Data Sources: FMR data from HUD (2027).
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.