Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 64022 is currently marked by several key indicators that provide insight into future market trends. The median home value is not available, which suggests a limited dataset for comprehensive analysis. However, the fact that N/A% of listings have been reduced points to a seller's market where demand might be outpacing supply. This reduction in listings could also indicate that homeowners are holding onto their properties, perhaps anticipating further price increases or simply finding the current market conditions favorable.
The median days on market (DOM) is also not available, but typically, a lower DOM indicates strong buyer interest and quick sales, which can further support rising home values. Conversely, if DOM were high, it would suggest a slower market with less urgency among buyers. The combination of reduced listings and an implied quick sale rate signals potential pricing power for sellers over the next 12-24 months, assuming these trends continue.
On the rental side, the Fair Market Rent (FMR) for ZIP 64022 in fiscal year 2024 is set at $1050. This figure represents a benchmark for the average rent charged for a modest apartment in the area. If the local market rent is below this FMR, it suggests that there is room for rental rates to rise, aligning with the national or regional averages. Landlords and small-portfolio investors should monitor the local market closely to ensure they are pricing their units competitively and potentially increasing rents as the market adjusts to meet the FMR.
For long-term investors, the setup implies a realistic appreciation thesis. While specific appreciation figures are not provided, the strong seller's market and potential for rental rate increases suggest that property values in ZIP 64022 are likely to appreciate. Investors should consider diversifying their portfolios to include both rental properties and potential resale opportunities, capitalizing on the current market dynamics. However, without concrete appreciation percentages, this remains a strategic approach based on observed trends rather than guaranteed outcomes.
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.