Location: Laclede County, MO | Metro: Camden County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 65567 in Laclede County, Missouri, reveals several key points that landlords and small-portfolio investors should consider before making investment decisions.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, while the Census ACS reports the current market rent at $655. This means that landlords can expect to charge below the FMR, which could be a significant advantage when attracting tenants who qualify for Section 8 assistance. The difference between the FMR and market rent indicates a viable gap where landlords can still receive competitive rental income.
Regarding the affordability of acquisition, the median home value in ZIP 65567 stands at $216,772. However, the lack of data on days on market (DOM) and the percentage of homes that require price cuts suggests that the housing market might not provide a clear picture of how quickly properties sell or if they need to be discounted to attract buyers. This uncertainty can pose a risk for investors looking to enter the market quickly or without significant negotiation.
Tenant demand is another critical factor. With a population of 1,458 and a renter share of 16.2%, the potential tenant pool is relatively small. This means that landlords will have limited options when it comes to finding tenants, especially those who rely on Section 8 vouchers. The low number of renters relative to the total population may indicate a less robust demand for rental properties.
In conclusion, while the rent math in ZIP 65567 appears favorable due to the lower market rent compared to the FMR, the acquisition cost remains high with a median home value of $216,772. The lack of recent sales data complicates the assessment of market dynamics. Moreover, the small tenant base and low renter share suggest that finding qualified Section 8 tenants could be challenging. Investors must weigh these factors carefully, considering the potential for steady but modest rental income against the risks associated with a smaller pool of prospective tenants and higher upfront costs.
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.