Location: Dallas County, MO | Metro: Dallas County, MO HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The ZIP code 65764, located in the HUD Metro FMR Area of Dallas County, MO, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for a $800 zip in fiscal year 2024 is set at a level that provides a significant spread above the median home value of $256,271. This means that properties in this ZIP can be rented out at rates that are higher than the typical market value, ensuring steady and reliable cash flow.
To understand the financial stability this ZIP offers, consider the following: the FMR is established by the U.S. Department of Housing and Urban Development (HUD) to ensure that rental assistance covers the cost of decent, safe, and sanitary housing. In ZIP 65764, the FMR for a two-bedroom apartment is $800, which is notably higher than what would typically be expected based on the median home value. This discrepancy allows landlords to secure a consistent income stream without the risk of fluctuating market rents.
The median income of $26,936 in ZIP 65764 indicates a community where many residents rely on rental assistance programs such as Section 8. With a 9.8% renter share, there is a stable demand for affordable rental units. Landlords can leverage this demographic trend to maintain occupancy rates and avoid the volatility often associated with owner-occupied markets.
Investing in ZIP 65764 as part of a Section 8 portfolio strategy is a conservative approach aimed at generating predictable cash flows. While the potential for rapid property appreciation might be limited due to the lack of specific growth indicators, the focus here is on long-term financial security rather than short-term gains. The absence of data regarding price-cut shares and days on market (DOM) suggests that the primary value proposition lies in the consistent rental income supported by government subsidies.
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.