Location: Taney County, MO | Metro: Springfield, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 65630 in Taney County, Missouri, reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $900 for the fiscal year 2024. However, the current market rent data is unavailable, making it challenging to provide a direct comparison between the FMR and market rates. This lack of data suggests that landlords should be cautious about relying solely on the HUD FMR to ensure cashflow.
Based on the HUD FMR alone, voucher tenants in ZIP 65630 will likely cashflow marginally, assuming that market rents are higher than the FMR but not excessively so. The median home value data is also unavailable, which would have been useful for deriving a rent-to-price ratio and understanding the broader housing market dynamics. Without this information, we cannot accurately assess the rent-to-price ratio, which is an important metric for evaluating the attractiveness of rental properties versus homeownership.
The days on market (DOM) and the percentage of homes that experience price cuts are also missing, which could have provided insights into the local real estate market's health and how it influences rental dynamics. For instance, if homes are selling quickly and without significant price reductions, it might indicate a strong demand for both rentals and homeownership, potentially stabilizing rental prices.
In conclusion, the strongest investor angle in ZIP 65630 appears to be stability. With limited data available on market rents and home values, investors can rely on the consistent income stream provided by Section 8 vouchers. Although cashflow might be marginal, the predictability of rental income and the potential for long-term stability make this area appealing for those seeking a steady investment rather than high-risk, high-reward opportunities.
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.