Location: Chariton County, MO | Metro: Chariton County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 65236, located within the Chariton County, MO metro, presents a unique profile when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for 65236 stands at $890 for fiscal year 2026, which is higher than the market rent of $472. This indicates that the federally determined rent levels are set above what the local market currently supports, suggesting a potential subsidy-driven rental market.
A key indicator of the dynamics within this ZIP is the 25.1% renter share, which is notably higher than the average for Chariton County. However, it's important to note that the home value for ZIP 65236 is listed as N/A, meaning there is insufficient data to determine an average home value. This absence of data on home values, coupled with a high renter share, could suggest that 65236 is heavily reliant on rental properties, possibly due to the lack of available homeownership options or affordability issues.
In terms of categorization, 65236 can be seen as a value pocket within the Chariton County, MO metro. Its lower market rent compared to the FMR suggests that landlords and small-portfolio investors who operate within this ZIP might find themselves in a position to benefit from the rental assistance programs like Section 8. Landlords here can charge rents closer to the market rate while still receiving the higher subsidy rates, making it a favorable area for those looking to maximize their rental income through government assistance programs.
The divergence between the FMR and market rent, alongside the significant renter share, points towards a scenario where rental properties are likely to attract tenants who qualify for housing assistance. This makes 65236 a particularly attractive location for investors interested in the Section 8 program, as they can leverage the higher subsidy levels to achieve better returns on investment.
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.