Location: Texas County, MO | Metro: Shannon County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The renter's perspective in ZIP code 65479 reveals a complex landscape of affordability and competition. The median household income stands at $108,072, which suggests a relatively high earning capacity among residents. However, without specific data on the market rate for rent, it's challenging to assess whether households can comfortably afford housing costs.
Comparatively, the Housing Choice Voucher program, often referred to as Section 8, offers a fixed payment standard of $900 per month for the metro area in fiscal year 2026. This figure represents the Fair Market Rent (FMR) benchmark for subsidized housing. Given the median income, it's likely that many residents could afford higher rents, but the lack of detailed market rate data makes it impossible to quantify exactly how much higher.
The ZIP code has an extremely low rental market presence, with only 0.0% of the population being renters and a total population of just 295. This indicates a highly competitive environment for landlords, as there are few available tenants. The scarcity of renters also implies that those seeking housing might be willing to pay above the voucher payment standard to secure a place to live.
The affordability gap, represented by the difference between potential market rates and the voucher payment standard, presents a strategic challenge for landlords. While accepting vouchers ensures a steady stream of rental income, the $900 FMR may not cover the full cost of maintaining and managing properties. On the other hand, relying solely on cash-paying tenants could limit the pool of available renters, given the low percentage of the population who rent.
Takeaway: Landlords in ZIP 65479 should consider a balanced approach, where they accept vouchers to attract tenants while also exploring opportunities to offer competitive cash-payment options. This strategy would leverage the high median income of the area to potentially command higher rents from willing cash-paying tenants, while still being accessible to voucher holders. It's crucial to understand the local rental dynamics and tailor strategies accordingly to maximize occupancy and profitability.
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.