Location: Carroll County, 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 | $1,030 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,660 | $211,956 | 0.78% | D |
U.S. Census Bureau data (2024)
17.7% of residents in ZIP 64035 are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the area, as of fiscal year 2024, is set at $1180, which is higher than the reported market rent of $950 according to the Census American Community Survey. This suggests that landlords can potentially charge above the average market rate if they offer well-maintained properties. The median home value in the area stands at $196,608, making it an attractive investment for those looking to enter the real estate market without the need for large capital outlays. Furthermore, the median income of $86,756 provides insight into the financial capacity of potential tenants, who are likely to be able to afford rents closer to the FMR. However, the lack of data on days on market (DOM) and the percentage of price-cut shares means that there's insufficient information to gauge the competitiveness of the rental market or the ease of selling homes. Despite these gaps, the data points towards a stable rental environment where landlords can benefit from slightly higher rent rates compared to the general market. In conclusion, ZIP 64035 presents a viable opportunity for Section 8 participation, given the favorable FMR compared to the market rent and the manageable competition indicated by the median home value and income levels.
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.