Location: Texas County, MO | Metro: Texas County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 65468 in Texas County, Missouri, reveals key insights for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $890 per month for the fiscal year 2026. However, the lack of specific market rent data makes it challenging to directly compare the HUD FMR against current rental rates.
To determine how well voucher tenants cashflow at the HUD FMR, we must consider the overall rental market conditions. In the absence of precise market rent figures, it's reasonable to assume that voucher tenants might only cashflow marginally or with premium units. This assumption stems from the general understanding that market rents often exceed HUD FMRs, particularly in areas where demand for housing is high.
The median home value in ZIP 65468 is also not available, which means deriving an exact rent-to-price ratio is impossible. Nonetheless, this metric is crucial for understanding the broader rent-versus-buy dynamics. If the median home value were known, it would help us assess whether renting is more financially advantageous than buying, which can influence the attractiveness of the rental market to potential buyers.
Additionally, the median Days on Market (DOM) and the percentage of homes that require price cuts are not specified. These figures are important for gauging the health of the local real estate market. A low DOM and minimal price cuts indicate a strong seller's market, whereas higher DOM and frequent price reductions suggest a buyer's market. Both scenarios can affect the rental market differently, influencing the decision-making process for investors.
The strongest angle for investors in ZIP 65468 appears to be stability. Given the limited data available, there's no clear indication of rapid appreciation or significant fluctuations in rental prices. Therefore, focusing on stable, long-term rental income is advisable, especially when considering the reliance on HUD FMRs for setting rent prices.
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.