Location: Maries County, MO | Metro: Jefferson City, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
32.4% of residents in ZIP 65582 are renters, indicating a significant portion of the population relies on rental housing. This statistic, combined with the $705 market rent figure derived from Census ACS data, suggests that rental properties in this area are priced competitively. However, the $800 Fair Market Rent (FMR) for ZIP 65582 in fiscal year 2024 signals an upward trend in rental costs, which could benefit landlords looking to adjust their pricing. The median home value stands at $239,659, providing insight into the overall property values in the region. For investors considering purchasing homes to convert into rentals, this figure serves as a benchmark for potential investment costs. Additionally, the median income of $60,278 in ZIP 65582 highlights the economic profile of the area's residents, which is crucial for assessing the affordability of rents and the potential demand for subsidized housing options. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut share, these trends suggest a stable rental market with room for growth. Landlords can leverage the difference between the market rent and the FMR to increase profitability, while also ensuring that rents remain affordable for the local population. The Section 8 program, with its set FMR, provides a reliable source of tenants for those willing to participate, given the substantial renter share and the increasing cost of living indicated by the higher FMR. In conclusion, ZIP 65582 presents a viable opportunity for Section 8 participation, offering both stability and potential for higher returns.
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.