Location: Texas County, MO | Metro: Texas County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The ZIP code 65564 presents an interesting scenario when viewed from the renter's perspective. Given the lack of data on median income and market rate rental prices, it's challenging to make a direct comparison. However, we can analyze the situation using the available information.
The Fair Market Rent (FMR) for this area, set at $920 for metro FY 2026, serves as a benchmark for voucher payments. This figure indicates the maximum amount a voucher holder can pay towards their housing costs. In a context where the market rate is unknown but the population is very low, with only 42 residents, and there are no reported renters, the implications for affordability and competition are significant.
The absence of renters suggests that the majority of the population in ZIP 65564 owns their homes. This could be due to several factors, including the overall cost of living, the types of housing available, or the nature of the community itself. The low population number also implies limited demand for rental properties, which could reduce competition among landlords.
Despite the scarcity of renters, the FMR of $920 provides insight into the potential rental market. If the actual market rate is higher than this, then voucher holders would struggle to find suitable accommodation without additional financial support. Conversely, if the market rate aligns closely with or is below the FMR, then the rental market might be more accessible to those with vouchers.
The takeaway for landlords considering voucher versus cash-pay strategies in ZIP 65564 is clear. Due to the extremely low population and lack of renters, there may be fewer opportunities for cash-paying tenants. Vouchers could offer a stable source of income, especially if the market rate is above the FMR, as they guarantee a consistent payment based on the government's standards. However, landlords must weigh the administrative complexity and potential delays associated with voucher programs against the benefits of guaranteed rental income.
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.