Location: Wright County, MO | Metro: Douglas County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 65717 within the Wright County, MO metro area reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $890. This figure is significantly higher than the market rent of $614 as reported by the Census ACS, indicating that voucher tenants will cashflow at FMR levels.
To further analyze the investment potential, consider the median home value in the area, which stands at $218,410. Using this, we can derive a rent-to-price ratio. With a monthly rent of $614, the annual rent would be approximately $7,368, resulting in a rent-to-price ratio of about 3.37%. This ratio suggests that the area is relatively stable, with rental income providing a modest return on investment compared to property values.
The data does not provide a specific median Days on Market (DOM) or a percentage of price cuts, but these metrics are typically indicative of the balance between buying and renting. In the absence of such figures, the focus remains on the strong cashflow potential offered by the discrepancy between HUD's FMR and the actual market rent. This cashflow advantage is particularly pronounced when considering that voucher tenants pay the full FMR amount, which is substantially above the current market rate.
The strongest investor angle in ZIP 65717 is cashflow, given the disparity between the HUD FMR and the local market rent, making it an attractive option for landlords and small-portfolio investors looking to maximize their returns on rental investments.
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.