Location: Shannon County, MO | Metro: Oregon County, MO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,330 | $159,161 | 0.84% | C |
U.S. Census Bureau data (2024)
The analysis of ZIP code 65588 in Shannon County, Missouri, reveals several critical factors that impact the viability of rental properties for landlords and small-portfolio investors.
The rent math does not work favorably in this area. The Fair Market Rent (FMR) for the metro region for fiscal year 2026 is set at $940. However, the actual market rent, as reported by the Census Bureau's American Community Survey (ACS), stands significantly lower at $377. This substantial gap suggests that landlords would have to operate below the federally recommended rates to remain competitive, which could reduce profit margins.
Acquisition appears to be relatively affordable given the median home value of $159,678. Unfortunately, data regarding the number of days on the market (DOM) and the percentage of homes requiring price cuts are not available. Without these specifics, it's challenging to fully assess the ease of acquiring properties, but the median value indicates a potentially cost-effective entry point.
Tenant demand is moderate. With a total population of 2,235 and a renter share of 25.9%, approximately 578 individuals are likely seeking rental accommodations. While this number may support a limited number of rental units, it underscores the importance of understanding local tenant preferences and maintaining quality properties to attract and retain renters.
Overall, ZIP 65588 presents a challenging environment for landlords due to the unfavorable rent-to-FMR ratio. Acquisition costs are reasonable, but the lack of detailed market data introduces uncertainty. Tenant demand exists but is limited by the small population size. Landlords must carefully manage expenses and property quality to succeed in this market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.