Location: Texas County, MO | Metro: Texas County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The rental market in ZIP code 65464 presents an interesting scenario for both renters and landlords. Given the lack of specific median income data, it's challenging to assess the overall financial health of households in this area. However, the absence of median income figures also implies a need for deeper analysis into local economic conditions.
The market rate for rentals in ZIP 65464 is currently unknown, due to the missing data. But when comparing against the federally established Fair Market Rent (FMR) of $920, which is the standard voucher payment for the metro area in fiscal year 2026, we can infer some aspects of affordability. If the market rate exceeds this figure, there could be a significant affordability gap for those relying on housing vouchers.
With only 15.3% of the 285 population being renters, the competition among landlords in ZIP 65464 is likely to be low. This means that landlords have fewer direct competitors, but it also suggests a smaller pool of potential tenants. The scarcity of renters might imply that many residents own their homes, reducing the demand for rental properties.
The affordability gap, if present, means that landlords must carefully consider their pricing strategy. Setting rents above the FMR could limit the number of voucher holders who can afford to live in their properties, potentially leaving units vacant. On the other hand, focusing on cash-paying tenants might be more viable given the lower percentage of renters, but landlords should still be mindful of the overall financial capacity of the area.
Takeaway: Landlords in ZIP 65464 should lean towards cash-pay strategies, given the limited data suggesting a low percentage of renters and the potential for an affordability gap. Pricing close to or below the FMR of $920 would attract voucher holders, but this segment represents a smaller portion of the population. To maximize occupancy and profitability, landlords should diversify their tenant base and be prepared to offer competitive rates to attract both voucher holders and cash-paying tenants.
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.