Location: Reynolds County, MO | Metro: Dent County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 65440 stands out in County due to its unique data profile. With only 206 residents, it has a very low population density, making it an outlier in terms of size. The rental rate of 13.9% is also noteworthy, indicating that most of the residents own their homes. However, the median income of $37,250 is relatively modest compared to the median home value of $217,763, suggesting that homeownership is challenging for many in this area.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 65440 is set at $890 for fiscal year 2026. This figure is critical for landlords and small-portfolio investors because it represents the maximum amount that the government will pay towards rent for tenants participating in the Section 8 program. Unfortunately, the specific market rent data is currently unavailable, which means landlords must rely on the FMR to determine the rent they can charge while still being eligible for the program.
Given the current data, ZIP 65440 appears to be in a stable phase. The modest income levels combined with high home values indicate a steady demand for affordable housing options, particularly rentals. Landlords and small-portfolio investors should take note of the FMR and consider how it fits into their overall investment strategy. Despite the lack of detailed market rent data, the existing information suggests a reliable environment for those looking to invest in the rental market through the Section 8 program.
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.