Location: Texas County, MO | Metro: Dent County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The ZIP code 65542, located in Licking, Missouri, stands out for its relatively low population of 7,060 residents and a modest rental rate of 21.6%. With a median income of $46,076 and a median home value of $188,923, the area reflects a stable middle-class community.
The voucher economics in ZIP 65542 are favorable for landlords. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, while the current market rent, according to Census ACS data, is $728. This discrepancy means that landlords participating in the Section 8 program can expect to receive higher rents compared to the local market average, providing a financial advantage.
The data signature for ZIP 65542 indicates a stable environment. The median income and home values suggest a consistent economic base without significant fluctuations. The relatively low rental rate also points towards a community where homeownership is common, reducing the pressure of transient populations.
In summary, Licking, Missouri's ZIP 65542 offers landlords and small-portfolio investors a secure and predictable market. The Section 8 program provides an opportunity to earn above-market rents, making it an attractive option for those looking to invest in a stable community.
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.