Location: Howell County, MO | Metro: Howell County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The ZIP code 65788, located within the Howell County, MO metro area, presents an interesting snapshot when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 65788 stands at $920 for fiscal year 2026, which is notably higher than the market rent of $692. This indicates that the government's assessment of what constitutes a fair rent price is above what the local market currently demands, suggesting a potential subsidy advantage for landlords willing to participate in the Section 8 program.
A key metric to consider is the percentage of renters, which in ZIP 65788 is 12.1%. This figure is relatively low compared to what might be seen in urban areas, but it could still be significant within the context of rural Howell County. The lack of data on home values makes it challenging to draw direct comparisons to other ZIP codes in the area, but it is worth noting that a ZIP code with a below-metro home value paired with a high renter share can signal a favorable location for Section 8 participants. However, since the home value is not available, we cannot definitively categorize ZIP 65788 as such a 'sweet spot' based solely on this criterion.
In terms of market dynamics, the gap between the FMR and market rent suggests that 65788 could be considered a value pocket within the metro area. Landlords here have the opportunity to receive a higher rental income through the Section 8 program than what they might typically charge in the open market. This discrepancy could make the ZIP code attractive for landlords looking to maximize their returns while still offering affordable housing options to eligible tenants.
To further contextualize ZIP 65788's position within Howell County, a deeper analysis of other ZIP codes would be beneficial. Specifically, examining their FMRs, market rents, home values, and renter shares would provide a clearer picture of how 65788 stacks up against its peers. However, based on the given figures, it is evident that 65788 offers a unique opportunity for landlords due to its favorable subsidy rates relative to market conditions.
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.