Location: Crawford County, MO | Metro: Crawford County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The renter's perspective in ZIP code 65535 reveals a significant challenge when it comes to affording housing at market rates. The median income stands at $56,660, which is notably lower than the $696 market rate rental cost reported by the Census Bureau's American Community Survey (ACS). This disparity means that the average household would struggle to meet the market rate without dedicating an unsustainable portion of their income to rent.
To put this into context, the Federal Market Rent (FMR) standard for the metro area in fiscal year 2026 is set at $890. This figure is even higher than the current market rate, indicating that renters might find it difficult to secure housing that meets voucher standards. Given the population of 1,395 and a rental rate of 17.2%, there are approximately 240 renters in this ZIP code who could potentially benefit from voucher programs.
The affordability gap highlights a competitive landscape for landlords. With limited financial resources available to many renters, those willing to accept vouchers may have an edge over landlords seeking only cash-paying tenants. However, landlords should also consider that voucher payments can be more reliable and stable compared to the fluctuations often seen with cash-paying tenants.
Takeaway: For landlords in ZIP 65535, accepting vouchers can be a strategic move to attract tenants in a market where the average income is significantly lower than both the current market rate and the FMR standard. While the initial $890 voucher payment exceeds the current market rate, the reliability and stability of these payments can outweigh the risks associated with cash-paying tenants who might struggle to cover the $696 market rate consistently.
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.