Location: Saline County, MO | Metro: Saline County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
41.6% of residents in ZIP 65349 are renters, indicating a strong demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, which is notably higher than the reported market rent of $554 based on Census ACS data. This suggests that there is room for rental rate increases without alienating potential tenants. The median home value in the area stands at $132,191, providing a solid investment base for real estate purchases. However, the median income of $45,982 may limit the upward potential for rents, as affordability becomes a concern for many residents. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the discrepancy between the FMR and the current market rent points to an opportunity for landlords to adjust their pricing strategies. Given these figures, landlords and small-portfolio investors should consider the balance between increasing rents to approach the FMR and maintaining affordability for tenants. The verdict on Section 8 participation in ZIP 65349 is positive, as the subsidy caps align closely with the FMR, ensuring that landlords can cover their costs while still providing affordable housing.
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.