Location: Wright County, MO | Metro: Texas County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
28.2% of residents in ZIP 65660 are renters, indicating a significant portion of the population relies on rental housing. This statistic is crucial for landlords and small-portfolio investors looking to understand the local demand. With a Fair Market Rent (FMR) set at $1,040 for the metro area in fiscal year 2026, it provides a benchmark for rental pricing. Landlords can use this figure to ensure their properties are priced competitively while still being viable under the Section 8 program.
$73,846 is the median income for ZIP 65660, which gives insight into the financial capability of potential tenants. While the median home value and average days on market (DOM) are not available, these missing data points highlight the need for thorough local market research before making investment decisions. The lack of information on the percentage of price-cut share suggests that there might be stability in property values without frequent price adjustments.
Investors should also consider the FMR when evaluating the potential for Section 8 participation. At $1,040, landlords can expect to receive payments that cover a substantial portion of the rental costs, ensuring a steady cash flow. However, the exact impact on profitability will depend on the specific property's expenses and location within the ZIP code.
Given the 28.2% renter share, there is a notable opportunity for landlords in ZIP 65660. The median income of $73,846 supports the likelihood that many tenants could qualify for the Section 8 program, especially if they have additional income sources or support. This combination makes the ZIP code a potentially attractive market for those willing to navigate the intricacies of the Section 8 program.
The verdict for Section 8 in ZIP 65660 is positive, with a strong tenant base and competitive rental pricing that aligns well with the program's payment standards.
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.