Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 64036 reveals a market that balances moderate yield potential with reasonable stability, making it neither a high-yield/low-stability flip-style market nor purely a steady-cashflow zone.
On the yield axis, the Federal Market Rent (FMR) for ZIP 64036 stands at $1050 for fiscal year 2024. This figure is notably higher than the market rent of $842, indicating a decent upside for rental properties. However, the absence of a home value figure suggests that the area may not be ideal for flipping homes due to limited data on appreciation potential.
Moving to the stability axis, we observe that 37.4% of residents are renters, which is a substantial portion but not overwhelming. The lack of data on days on market (DOM) implies that while there might be a good demand for rentals, there's insufficient information to assess the speed of property turnover. The median household income of $46,786 provides some insight into the financial capacity of the local population, suggesting a stable tenant base with adequate means to pay rent consistently.
In conclusion, ZIP 64036 offers a middle-ground scenario where landlords can expect a modest increase in rental income over market rates, thanks to the FMR being significantly higher than the current market rent. The presence of a sizeable renting population supports the idea of steady cash flow, although the incomplete dataset regarding home values and DOM prevents a definitive classification towards a pure flip-style market or a steady-cashflow zone. For small-portfolio investors looking to diversify their investment strategy, this ZIP code presents an opportunity to achieve both reasonable yields and maintain portfolio stability.
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.