Location: Howard County, MO | Metro: Howard County, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 65250 is complex, with several key indicators pointing towards a nuanced market outlook for both short-term and long-term investors. The median home value is currently unavailable, as are the percentages of listings that have been reduced and the median days on market (DOM). However, these missing data points suggest a potential lack of recent comprehensive market activity reports, which could indicate either a stable market where significant changes are not occurring, or a less active market where fewer transactions provide sufficient data for analysis.
On the rental side, the Fair Market Rent (FMR) for ZIP 65250 in fiscal year 2024 is set at $870, while the current market rent as per the Census ACS data stands at $936. This $66 difference between FMR and actual market rents signals that landlords in 65250 can expect to maintain or slightly increase their rental income above the federally determined fair market rate, assuming the market rent does not drop below the FMR. Landlords should be cautious of any policy changes or economic shifts that might impact future FMR adjustments, which could alter this dynamic.
For long-hold investors, the absence of specific data on median home values and percentage reductions suggests that appreciation expectations should be conservative. Without concrete figures on past performance and current trends, it's difficult to establish a robust appreciation thesis. Instead, investors should focus on the rental income potential, which appears favorable given the current market conditions. Long-term gains will likely come from steady rental income rather than rapid increases in property value, unless new data emerges indicating otherwise.
In summary, ZIP 65250 presents a market where pricing power may be limited due to insufficient data for a clear trend analysis. However, the current edge in market rents over FMR provides a solid foundation for maintaining or slightly increasing rental yields. For those considering long-term investments, the strategy should lean towards generating income through rentals, with appreciation serving as a secondary benefit.
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.