Location: Columbia, MO | Metro: Columbia, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
$1040 is the Fair Market Rent (FMR) for ZIP 65205 in FY 2024, indicating the maximum amount a Section 8 voucher holder can pay for rent in this area. This figure is crucial for landlords and small-portfolio investors looking to maximize their returns while remaining competitive.
N/A is the current market rent for ZIP 65205, suggesting that there might be limited recent data available for this specific metric. However, the FMR serves as a reliable benchmark for setting rent prices.
N/A is also the median home value in ZIP 65205, which means that detailed pricing information for homeownership is not readily available. Nevertheless, the rental market remains a strong indicator of overall property value trends.
N/A% represents the share of renters in ZIP 65205, indicating a lack of precise data on the proportion of residents who rent versus those who own. Despite this, the rental market continues to be a significant component of the local economy.
N/A is the median income in ZIP 65205, highlighting a gap in the data regarding the financial status of residents. However, this does not detract from the importance of aligning rental prices with the FMR to attract stable tenants.
N/A-day Days on Market (DOM) suggests that there is no specific data available on how long it typically takes for properties to be rented out in ZIP 65205. Nonetheless, maintaining competitive rental prices can help reduce vacancy periods.
N/A% Price Cut Share indicates that there is no information on the frequency or percentage of price reductions landlords have to make to secure tenants. Given the limited data, focusing on the FMR as a guideline is advisable.
The Section 8 program offers a consistent source of tenants for landlords in ZIP 65205, with the FMR set at $1040 providing a clear target for rent pricing. While specific market details such as median home value and income levels are not fully disclosed, the rental market remains stable and predictable based on the FMR.
Verdict: ZIP 65205 is a viable market for Section 8 participation, given the established FMR and the potential for steady tenant occupancy.
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.