Location: Crawford County, MO | Metro: Crawford County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The median income in ZIP code 65456 stands at $98,700, indicating a relatively affluent area. However, without specific market rate figures for rentals, it's challenging to provide an exact comparison to the household income. What we do know is that the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890. This FMR figure represents the voucher payment standard, which is the amount that landlords can expect to receive if they choose to accept Section 8 vouchers.
Given the limited rental market share—only 8.5% of the 637 residents are renters—the competition among landlords is likely to be intense. The affordability gap becomes evident when considering that a household earning the median income might find it difficult to justify paying much above the FMR for a rental property, especially if other options are available at similar rates.
Landlords in ZIP 65456 should consider that while households have a strong median income, the actual willingness to pay premium rents may be constrained by the availability of affordable housing options. Accepting Section 8 vouchers could ensure a steady stream of rental income, albeit at the FMR rate of $890. On the other hand, focusing on cash-paying tenants might yield higher rents but requires navigating a smaller pool of potential renters.
The takeaway for landlords is clear: understanding the dynamics between median income and FMR is crucial. In a competitive environment with a low percentage of renters, accepting vouchers can stabilize occupancy and provide reliable income. For those aiming to maximize revenue, targeting cash-paying tenants may offer higher returns, but it demands a keen awareness of the local rental landscape and the ability to attract and retain tenants willing to pay above the FMR.
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.