Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,340 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $2,160 |
| 4 Bedrooms | $2,580 |
| 5 Bedrooms | $2,993 |
| 6 Bedrooms | $3,352 |
| 7 Bedrooms | $3,620 |
| 8 Bedrooms | $3,801 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,650 | $239,509 | 0.69% | D |
| 3BR | $2,160 | $284,351 | 0.76% | D |
| 4BR | $2,580 | $398,257 | 0.65% | D |
| 5BR | $2,993 | $478,154 | 0.63% | D |
U.S. Census Bureau data (2024)
ZIP code 64014, located in Blue Springs, Missouri, falls within the broader Kansas City, MO-KS HUD Metro FMR Area. Comparing the specific figures for ZIP 64014 against typical ZIP codes within this metro area provides insights into its real estate dynamics.
The Fair Market Rent (FMR) for ZIP 64014 is set at $1300 for fiscal year 2024, which is lower than the market rent of $1,703. This suggests that while the government's rental subsidy target is lower, landlords can still charge above the subsidized rate, indicating potential for higher rents beyond what is covered by Section 8 vouchers.
The median home value in ZIP 64014 stands at $301,729. This figure is likely to be below the average home value in the entire Kansas City, MO-KS HUD Metro FMR Area, suggesting that it could be considered a value pocket within the metro. Lower home values typically mean lower property taxes and maintenance costs for landlords, making it an attractive area for investment.
A significant portion of the residents in ZIP 64014 are renters, with a 32.4% share. This is a notable divergence from the trend where higher renter shares often correlate with lower home values, indicative of a possible Section 8 sweet spot. The combination of a substantial renter population and relatively lower home values could make this ZIP code particularly appealing for landlords who wish to cater to tenants eligible for housing assistance programs.
To summarize, ZIP 64014 appears to be a value pocket within the Kansas City, MO-KS HUD Metro FMR Area. It offers lower home values and a significant renter share, which aligns well with the interests of landlords and small-portfolio investors looking for areas where Section 8 vouchers can be effectively utilized. The discrepancy between the FMR and the actual market rent also suggests opportunities for landlords to capture higher rental income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.