Location: Pulaski County, MO | Metro: Phelps County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
The ZIP code 65461 presents a unique market scenario that is indicative of a dynamic housing environment. With a Fair Market Rent (FMR) set at $1,100 for the fiscal year 2026, it's clear that the rental pricing is being closely monitored by federal guidelines, suggesting a need for affordable housing options. However, the absence of current market rent data, along with other key metrics such as price-cut share, days on market (DOM), and median home value, indicates a lack of recent activity in the rental sector.
The 0.0% renter share statistic is particularly noteworthy. This suggests that virtually all residents in ZIP 65461 are homeowners, which can point to several underlying conditions. Firstly, it implies a strong local economy capable of supporting homeownership. Secondly, it could indicate limited rental properties available, leading to low occupancy rates among rental units. Lastly, this statistic reflects a potential long-term housing pressure, where the community might be less adaptable to sudden changes in population or economic shifts due to the overwhelming preference for owning homes over renting.
In terms of supply versus demand, the current snapshot doesn't provide enough detail to definitively state whether one outpaces the other. However, the reliance on FMR rather than market-driven rents could imply that there is a significant regulatory influence on the rental market, possibly due to an imbalance where demand exceeds supply, necessitating intervention to ensure affordability. The absence of rental data also hints at a market where the focus is predominantly on homeownership, potentially because of a high rate of owner-occupiers or a scarcity of rental units.
To summarize, ZIP 65461 is characterized by a strong emphasis on homeownership and a regulated rental market. The dynamics of this area suggest a stable but potentially inflexible housing environment, which landlords and small-portfolio investors should consider carefully when evaluating investment opportunities. The regulatory oversight on rental pricing, as seen through the FMR, is a critical factor that influences the overall market health and adaptability.
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.