Location: Saline County, MO | Metro: Saline County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
The ZIP code 65330 is situated in a small rural neighborhood with a total population of 575. The area is predominantly owner-occupied, with only 18.8% of residents being renters. The median household income in this region stands at $42,188, indicating a modest economic base. Notably, the median home value is not available, which could suggest either a lack of sufficient data or a unique housing market dynamic.
Turning to the rent economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $910. However, the actual market rent in ZIP 65330, according to Census ACS data, is significantly lower at $588 per month. This discrepancy between the FMR and the market rent presents an opportunity for investors looking to leverage the gap between government-subsidized rents and local market rates.
For hands-off voucher operators, ZIP 65330 offers a straightforward investment environment. Given the low percentage of renters and the modest income levels, the demand for Section 8 housing is likely limited. Investors should expect a steady but small stream of tenants relying on vouchers, making it suitable for those who prefer minimal management involvement.
On the other hand, for hands-on value-add buyers, there is potential to increase rental income beyond the current market rate. By improving properties to meet or exceed the FMR standards, these investors can attract tenants willing to pay higher rents, possibly even surpassing the voucher limits. This strategy requires active property management and a willingness to invest in renovations, but it can yield higher returns over time.
In conclusion, ZIP 65330 caters well to both hands-off and hands-on investors depending on their approach and goals. For those seeking passive income, the modest demand for subsidized housing provides stability. For those interested in value creation, the gap between FMR and market rent offers room for growth and higher yields.
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.