Location: Shannon County, MO | Metro: Shannon County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 65466 in Shannon County, MO, reveals a favorable environment for investors. The HUD Fair Market Rent (FMR) for the area is set at $940 for the fiscal year 2026, which significantly exceeds the current market rent of $508 based on Census ACS data. This means that voucher tenants will generally cashflow positively at the FMR rate, providing a strong financial buffer for landlords.
To further understand the investment potential, consider the median home value in the area, which stands at $189,475. Using the HUD FMR of $940, we can calculate a rent-to-price ratio of approximately 5.49%. This indicates that rental income represents a substantial portion of the property's value, making it an attractive option for those looking to generate steady passive income through rentals.
The dynamics between renting and buying in this market do not suggest significant challenges, as there is no available data on the median Days on Market (DOM) or the percentage of homes that have experienced price cuts. However, given the disparity between the HUD FMR and the actual market rent, it's clear that the rental market is undervalued relative to the cost of ownership, favoring investors who can leverage the higher FMR rates.
In summary, the strongest investor angle in ZIP code 65466 is cashflow. With the HUD FMR well above the current market rent, landlords can expect positive cashflow from voucher tenants, making this a reliable and profitable investment opportunity.
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.