Section 8 Fair Market Rent (FMR) for ZIP 66282 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 66282, located in Missouri, represents a unique market opportunity for landlords and small-portfolio investors. The area is characterized by its stable housing market, which can be analyzed through various key metrics that provide insight into rental trends, home values, and demographic factors.

• Fair Market Rent (FMR) for a 2-bedroom apartment in ZIP 66282 for fiscal year 2024 is $1430. This figure is critical for setting competitive rental rates and understanding the average tenant's budget in the area.
• The median home value is currently unavailable. This indicates that there might be limited data on home sales, which could mean the market is primarily focused on rentals rather than home purchases.
• The percentage of residents who are renters is not available. However, given the FMR data, it's reasonable to assume that a significant portion of the population relies on rental properties.
• The days on market (DOM) for rental listings is not available. This metric would typically help gauge how quickly properties are rented out, but its absence suggests either a steady demand or a less active rental market.
• The median household income is not available. Understanding the income levels of residents is crucial for assessing the affordability of rents and the potential for higher occupancy rates.

Given the available data, landlords and small-portfolio investors should focus on offering well-maintained, affordable 2-bedroom apartments priced at $1430 per month to remain competitive. The lack of data on median home values and renter share suggests a market that is predominantly rental-focused, but more detailed local market research is recommended to fully understand the dynamics of ZIP 66282. Despite the missing data points, the stability implied by the FMR can be leveraged to secure long-term investments with predictable cash flows. However, without knowledge of the DOM and median income, it's advisable to conduct thorough due diligence before making investment decisions to ensure alignment with local demand and economic conditions.

Data Sources: FMR data from HUD (2027).

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.