Location: Saline County, MO | Metro: Saline County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 65344 in Saline County, Missouri reveals several key points for potential Section 8 landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area, set at $930 for the fiscal year 2026, serves as a benchmark. However, due to the lack of available data on current market rents, it's challenging to directly compare these figures. Landlords should ensure their rental properties meet the required standards to qualify for the program, which would allow them to receive a steady income of $930 per month.
Regarding the affordability of acquisition, the data provided does not include the median home value, days on market (DOM), or the percentage of homes that have been listed with a price cut. This absence makes it difficult to assess the overall cost-effectiveness of purchasing properties in the area. Investors should conduct further research to understand the local real estate market dynamics and determine if property acquisitions align with their financial strategies.
Tenant demand is another critical factor. With a total population of 173, 19.7% of residents are renters. This indicates a relatively small pool of potential tenants, which could impact occupancy rates and the ease of finding qualified applicants for Section 8 housing. Despite the low numbers, the demand exists, and landlords can target this segment effectively with well-maintained properties.
In conclusion, while the Fair Market Rent provides a clear guideline for expected income, the lack of detailed market data complicates a comprehensive assessment of acquisition costs and tenant demand. Landlords and investors should proceed with caution, ensuring they thoroughly investigate the local real estate and rental markets before committing to investments in ZIP 65344. The limited number of renters suggests a niche opportunity rather than a broad market presence, necessitating a targeted approach to maximize returns.
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.