Location: Saline County, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 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 ZIP code 65327 presents several challenges for potential Section 8 landlords. Tenant turnover could be higher due to the discrepancy between the market rent at $850 and the Fair Market Rent (FMR) at $1050 for FY 2024. This difference suggests that tenants might struggle to find adequate housing outside of subsidized programs, leading to frequent moves as they seek more affordable options.
Vacancy exposure is another significant risk. The data does not provide the number of days on market (DOM), which is crucial for understanding how long it takes to fill vacancies. Without this information, it's difficult to predict the frequency of vacancy periods, which can significantly impact cash flow.
The deferred maintenance exposure is also notable. Although there is no typical home value specified, the median income of $88,750 indicates that residents might have limited funds available for repairs and maintenance. This could lead to a higher burden on landlords to keep properties in good condition, especially if tenants are unable to cover any damages or wear and tear beyond their control.
However, these risks must be weighed against the high renter density in the area, represented by a 9.4% renter share. High renter density often correlates with a greater demand for housing vouchers, potentially stabilizing occupancy rates and reducing vacancy exposure.
In conclusion, the combination of high tenant turnover potential, uncertain vacancy exposure, and deferred maintenance concerns, alongside the high renter density, makes ZIP 65327 a moderate risk for a first-time Section 8 landlord. Careful management and an understanding of the local market dynamics will be essential to mitigate these risks effectively.
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.