Location: Iron County, MO | Metro: Iron County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 65439 reveals key insights for landlords and small-portfolio investors considering investment in this area.
The rent math does not work favorably. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $910, which serves as a benchmark for rental pricing. However, the absence of specific market rent data suggests that actual rents may fall below this figure, indicating potential challenges in achieving profitable rental income based solely on FMR.
Acquisition is relatively affordable. With a median home value of $153,511, the cost of entering the market is low compared to many other areas. Although the days on market (DOM) and the percentage of homes requiring price cuts are not specified, the low median home value suggests that there might be opportunities to acquire properties at a lower cost, making it an attractive option for those looking to invest in real estate.
Tenant demand is strong. The ZIP code has a population of 55, with 40.5% of residents being renters. This indicates a significant portion of the local population is actively seeking rental housing, creating a robust demand for rental properties.
Verdict: Despite the uncertainty surrounding market rents, the affordability of property acquisitions and the strong tenant demand make ZIP 65439 a viable investment opportunity for landlords and small-portfolio investors. The low median home value offers a chance to secure properties at a bargain, while the high renter share ensures a steady stream of potential tenants. However, investors should conduct thorough research to understand the local rental market dynamics and ensure that the rents they charge are competitive yet profitable.
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.