Location: Monroe County, MO | Metro: Monroe County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The Section 8 cap rate analysis for ZIP code 65282 provides insights into potential rental income scenarios for landlords and small-portfolio investors. The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $930 per month. To annualize this figure, we multiply it by 12, resulting in an annual rental income of $11,160.
The implied gross yield for the Section 8 scenario can be calculated if we had the median home value. However, since the median home value is not available, we cannot provide a specific gross yield percentage for this scenario. Typically, the gross yield is calculated by dividing the annual rental income by the property's value. For example, if a median home value were $200,000, the gross yield would be 5.58% ($11,160 / $200,000).
Given that the market rent for the area is also not available, we cannot compare the gross yields between the Section 8 and market rent scenarios. This lack of data makes it difficult to determine which scenario is more realistic for ZIP 65282. However, the 0.0% renter density suggests that there is little to no demand for rental properties in this area, which could imply that market rents might be lower or harder to achieve consistently compared to the guaranteed Section 8 rent.
The Days on Market (DOM) being not available further complicates the analysis. DOM typically indicates how quickly properties are rented out, and a high DOM could suggest difficulty in finding tenants willing to pay market rates. Conversely, a low DOM might indicate strong demand for rental properties, even at higher rates. Without this information, it's challenging to predict the ease or difficulty of renting out properties at market rates.
In conclusion, while the Section 8 rent provides a stable income source at $930 per month, the absence of key data points such as median home value and market rent prevents a precise comparison of gross yields. The 0.0% renter density hints at a challenging market environment for landlords seeking to rent properties at market rates, making the Section 8 option potentially more attractive due to its guaranteed income and stability.
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.