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 | $1,810 |
| 1 Bedroom | $1,970 |
| 2 Bedrooms | $2,230 |
| 3 Bedrooms | $2,910 |
| 4 Bedrooms | $3,490 |
| 5 Bedrooms | $4,048 |
| 6 Bedrooms | $4,534 |
| 7 Bedrooms | $4,897 |
| 8 Bedrooms | $5,142 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,230 | $311,302 | 0.72% | D |
| 3BR | $2,910 | $330,013 | 0.88% | C |
| 4BR | $3,490 | $577,838 | 0.6% | D |
| 5BR | $4,048 | $874,219 | 0.46% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 64034, Greenwood, MO, presents a nuanced picture for both landlords and small-portfolio investors. With a median home value of $408,695, the market signals a relatively stable housing environment. The fact that only 0.3% of listings have been reduced indicates that sellers maintain strong pricing power, suggesting that home values are unlikely to experience significant depreciation in the near future.
While the median days on market (DOM) is currently marked as N/A, the low percentage of price reductions suggests that homes are selling at or close to their asking prices. This scenario points towards a seller's market, where homes are in demand and landlords can expect steady rental income without the need to significantly reduce rents to attract tenants.
On the rental side, the Forward Monthly Rent (FMR) for ZIP 64034 in fiscal year 2024 is projected to be $1860. However, the current market rent, as measured by ZORI, stands at $2100. This gap between the projected FMR and the actual market rent implies that landlords can continue to charge above the government-subsidized rates, especially for tenants not covered under the Section 8 program. It also suggests that there is a balance between rental demand and supply, allowing for competitive but not excessively high rental prices.
For long-term investors, the data points to a cautious but optimistic outlook. The stable median home value combined with the low rate of price reductions suggests that property appreciation could remain modest. While Greenwood, MO, may not offer explosive growth opportunities, it does present a solid foundation for maintaining capital value and generating consistent cash flow through rentals. The slight premium landlords can command over the FMR supports the idea that there is room for steady income generation, even if rapid appreciation is not expected.
In summary, the current setup in ZIP 64034 favors landlords and small-portfolio investors looking for stability and steady returns. The market conditions imply a resilient housing environment with strong pricing power for both sales and rentals, although the potential for dramatic appreciation is limited.
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.