Location: Crawford County, MO | Metro: Crawford County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 65446 is located in a rural setting, primarily encompassing parts of Licking and Morgan counties in Missouri. This area is characterized by a modest population size of 401 residents, indicating a tight-knit community with a relatively low density. Approximately 36.4% of the residents are renters, which suggests a significant portion of the population relies on rental housing. The median household income in this region stands at $50,625, reflecting a middle-class community where many households can afford basic living expenses but may struggle with higher costs.
Moving into the realm of rent economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890. This figure represents the benchmark for affordable housing and is crucial for landlords operating under the Section 8 program. However, the market rent for ZIP 65446 is not available, making it challenging to compare the FMR with actual market rates. This lack of data could indicate a limited supply of rental properties or a less developed rental market compared to urban areas.
Given these characteristics, ZIP 65446 is likely better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The small population and high percentage of renters suggest a stable demand for affordable housing, which aligns well with the Section 8 program's goals. For a hands-off operator, the simplicity of the voucher system can provide a reliable source of income without the need for extensive property management. On the other hand, a value-add buyer might find limited opportunities for enhancing property values due to the rural nature and sparse population of the area.
In conclusion, while the exact market rent remains unclear, the existing data points towards a steady environment for Section 8 landlords. With a median income of $50,625 and an FMR of $890, the financial landscape supports a hands-off approach to managing rental properties in this ZIP code.
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.