Location: Pettis County, MO | Metro: Pettis County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Pettis County's ZIP code 65302 stands out due to the lack of detailed demographic data available, which can be an advantage for landlords and small-portfolio investors looking to navigate areas with less competition and scrutiny. Despite the absence of specific figures regarding the number of residents, percentage of renters, median income, and median home value, the area offers a unique opportunity to understand the broader implications of limited data on investment decisions.
The voucher economics in ZIP 65302 are defined by the Fair Market Rent (FMR), which for the metro area in fiscal year 2026 is set at $980. This figure serves as a benchmark for rental assistance programs under Section 8, guiding landlords on the minimum rent they can charge while still being eligible for voucher holders. However, without the precise market rent figures, it's challenging to compare how the FMR aligns with local rental prices. Landlords should consider conducting their own market research to determine if the $980 FMR is above, below, or at par with current market rates.
The data signature for ZIP 65302 reads as "transitional." The absence of key demographic and economic indicators suggests that the area might be undergoing changes that could impact the real estate market in the near future. Investors and landlords should stay vigilant about upcoming trends and developments in the region to make informed decisions. While the lack of data can present uncertainties, it also opens up possibilities for those willing to explore and adapt to new conditions.
Data Sources: FMR data from HUD (2027).
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.