Location: Hickory County, MO | Metro: Benton County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
ZIP 65634, located in Hickory County, MO, is best suited as a diversifier in a Section 8 portfolio strategy. The median home value here is $230,489, which is significantly higher than the median income of $35,948. This creates a scenario where traditional homeownership is out of reach for many residents, making rental properties a more viable option.
The 19.6% renter share indicates a substantial portion of the population relies on rentals. This aligns well with the goals of Section 8 investors, who seek areas with a high demand for affordable rental housing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $980, which provides a benchmark for rental pricing. However, the lack of specific market data suggests that this ZIP code might not offer the highest cash flow potential, as the rental rates may be constrained by the local economy.
In conclusion, ZIP 65634 serves as a diversifier due to its high median home value relative to median income, and the significant renter share. While it may not be the primary focus for cash flow generation, it adds balance to a broader investment strategy by targeting areas with a strong need for affordable housing.
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.