Location: Audrain County, MO | Metro: Audrain County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The ZIP code 65285 has a population of 523, with only 7.3% of residents being renters. This indicates that it is predominantly a homeowner-dominated area rather than a renter-heavy one. The scarcity of renters suggests that the demand for Section 8 vouchers will be lower compared to areas with higher percentages of renters.
The median household income in this ZIP code is $98,625, which is relatively high. However, since there is no specific market rent data provided for comparison, we cannot determine the exact percentage of local income that goes towards typical rent. To make a precise assessment, we would need to know the average rent paid by tenants in the area.
The Fair Market Rent (FMR) for the metro area, as of fiscal year 2026, is set at $900. Without knowing the local market rent, it's difficult to say how this compares to what tenants might actually pay. If the market rent is higher than the FMR, then it could be challenging for Section 8 tenants to find suitable housing in this ZIP code.
A landlord in ZIP 65285 can expect a tenant profile that is likely to include individuals who are either on the lower end of the income spectrum relative to the area's median or those who are specifically seeking affordable housing options. Given the low percentage of renters, the competition for rental properties among voucher holders could be less intense, but landlords must also consider the overall size of the tenant pool, which is quite small due to the limited number of residents who rent.
In conclusion, ZIP 65285 is not an ideal location for focusing on Section 8 tenants due to the low proportion of renters and the potential mismatch between the FMR and actual market rents. Landlords should prepare for a smaller pool of potential tenants and ensure their properties meet the necessary standards for Section 8 eligibility.
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.