Location: Hickory County, MO | Metro: Polk County, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 65727 presents a unique snapshot of the real estate market, particularly concerning rental properties. The Fair Market Rent (FMR) for the area is set at $800 for fiscal year 2024, indicating a stable baseline for rental pricing expectations. However, the absence of specific market rent data suggests that either there's limited activity or the market rent closely aligns with the FMR, which would imply a balanced market condition.
The 0.0% renter share statistic is particularly noteworthy. This figure points to a predominantly owner-occupied environment, suggesting that long-term housing pressures might be less acute compared to areas with higher rental activity. It implies that residents are likely investing in homeownership rather than renting, which could mean that the local economy supports purchasing power and stability in housing needs.
In the context of supply versus demand, the lack of detailed data on price cuts and days on market (DOM) makes it challenging to definitively state whether supply outpaces demand or vice versa. However, the stable FMR without fluctuations in market rent could indicate that the supply of rental units matches the demand, creating a steady market with little urgency for price adjustments.
The median home value being listed as N/A also highlights a potential gap in comprehensive real estate data for this area. This could be due to various factors, including a low volume of recent sales or an emphasis on owner-occupied homes over rentals. Nonetheless, the overall picture suggests a market that is moving towards stability, with a preference for homeownership over renting. Landlords and small-portfolio investors should consider these dynamics when evaluating the potential for rental investments in ZIP 65727.
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.