Location: Wright County, MO | Metro: Laclede County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The ZIP code 65470 stands out in County XX due to its unique mix of demographic and economic characteristics. With a population of 842 residents, it has a relatively low rental rate of 13.2%, indicating that homeownership is prevalent among its inhabitants. The median income in this area is $59,091, which is slightly above the national average, suggesting a middle-class community. The median home value of $295,158 further supports this, showing that homes here are valued higher than the national median, reflecting a stable housing market.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 65470 is set at $970 for the fiscal year 2026. However, the lack of available market rent data makes it difficult to compare the FMR with actual rental rates, potentially leading to inefficiencies in the voucher program's application. Despite this, landlords can expect a steady stream of tenants willing to use their vouchers to cover a significant portion of the rent, especially if they offer properties within or close to the FMR range.
In summary, the data signature for ZIP 65470 reads as stable. The high median home values and middle-class income levels indicate a community that is likely to remain financially resilient. For landlords and small-portfolio investors, this means that while there may be fewer renters relative to other areas, those who do rent are likely to be reliable and able to afford housing costs. Engaging with the Section 8 program could provide a consistent source of tenants, though the absence of market rent data requires careful consideration when setting rents.
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.