Location: Johnson County, MO | Metro: Johnson County, MO
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 | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,330 | $323,217 | 0.41% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 64019 are defined by the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment, which is set at $990 for fiscal year 2026. This SAFMR represents the maximum amount that the Housing Choice Voucher program will pay for a two-bedroom rental unit in this specific ZIP code. However, it's important to understand that the actual rent paid by the voucher program can be less due to the structure of the program.
The local market rent for a two-bedroom apartment in ZIP 64019 is reported at $756 based on Census ACS (American Community Survey) data. This figure is significantly lower than the SAFMR, indicating that landlords in this area could potentially receive above-market rates if they accept Section 8 vouchers.
A voucher payment consists of two parts: the tenant contribution and the subsidy from the government. Tenants typically contribute 30% of their adjusted income towards rent. If we assume an average adjusted income of $1,500 per month, the tenant would contribute approximately $450 towards rent. The remaining balance, up to the SAFMR of $990, is then covered by the government subsidy. Therefore, the government would cover $540 ($990 - $450).
In addition to the base rent, the voucher program also includes utility allowances. For ZIP 64019, these allowances can vary but generally cover a portion of electricity, water, and other utilities. Let's assume an average utility allowance of $150 per month. This brings the total reimbursement from the voucher program to $690 per month ($540 base rent + $150 utilities).
This means that for a two-bedroom apartment, landlords in ZIP 64019 would receive a total of $690 per month from the voucher program. Given the local market rent of $756, landlords accepting Section 8 vouchers would still receive a surplus of $69 per unit each month, even without charging the full SAFMR rate.
To summarize, the typical reimbursement for a two-bedroom apartment under the Section 8 program in ZIP 64019 is $690 per month, resulting in a surplus of $69 over the local market rent of $756. This makes Section 8 vouchers an attractive option for landlords who wish to secure consistent rental income without the risk of vacancy.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.