Location: Saline County, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The market in ZIP code 65321 presents a dynamic environment that reflects the interplay between supply and demand, though specific indicators such as the percentage of price cuts and days on market (DOM) are currently unavailable. The Fair Market Rent (FMR) for the area, set at $1050 for FY 2024, exceeds the reported market rent of $747 based on Census ACS data. This suggests that while there may be an adequate supply of rental units, the actual rents charged are below the federally established fair market levels, indicating potential room for growth in rental prices.
The 19.2% renter share in ZIP 65321 implies a significant portion of the population relies on rentals rather than homeownership. This high proportion of renters can signal long-term housing pressure, as it may indicate challenges for residents to afford homeownership, possibly due to lower income levels or other economic factors. For landlords and small-portfolio investors, this means a steady base of potential tenants who are already accustomed to renting, reducing the risk of vacancy.
In summary, ZIP 65321 appears to be a market where demand for rentals is present but may not fully align with the current pricing structure. The disparity between FMR and market rent could suggest either that landlords are keeping rents low to attract tenants or that the market has yet to reach equilibrium. The substantial renter share points towards sustained pressure on rental markets, making it a viable investment opportunity for those looking to capitalize on the existing demand.
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.