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 real estate landscape in ZIP code 65286 presents a unique set of conditions that both landlords and small-portfolio investors should consider. The median home value is currently listed as N/A, which suggests a lack of comprehensive data on residential property values in the area. However, the fact that N/A% of listings have been reduced indicates a trend towards lower asking prices among sellers, reflecting a possible shift in the local housing market dynamics.
The median days on market (DOM) being N/A also points to an interesting scenario. A shorter DOM could imply that homes are selling quickly, which might suggest strong buyer interest. Conversely, if the DOM is unusually long, it could indicate a slower-moving market where homes take longer to sell, possibly due to overpricing or other market inefficiencies.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890. This figure provides a benchmark for rental rates in the region, but without specific market data for ZIP 65286, it's challenging to assess how closely local rents align with this national standard. Landlords should monitor local rental trends closely to ensure they remain competitive while maximizing their returns.
For long-term investors, the lack of specific appreciation data for ZIP 65286 means there is no clear historical precedent to support a robust appreciation thesis. Without concrete evidence of past value increases, it would be unwise to assume significant capital gains in the near future. Instead, investors should focus on the stability of rental income and the potential for steady, rather than explosive, growth in property values.
The combination of these factors signals a market where pricing power is likely to be balanced between buyers and sellers, with landlords holding a strategic position in providing rental accommodation. Given the uncertainty around home value appreciation, the emphasis should be on maintaining occupancy rates and ensuring properties are well-managed to attract and retain tenants willing to pay close to the FMR of $890.
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.