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 | $990 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $299,972 | 0.41% | F |
| 3BR | $1,590 | $383,683 | 0.41% | F |
| 4BR | $1,910 | $500,789 | 0.38% | F |
U.S. Census Bureau data (2024)
The neighborhood in ZIP code 64048, located in Holt, Missouri, is characterized by a relatively small population of 4,387 residents. Only 11.1% of these residents are renters, indicating a predominantly owner-occupied community. The median household income in this area is a robust $103,131, suggesting that residents have a high standard of living. Median home values stand at $389,665, reflecting a stable and affluent housing market.
From an investment perspective, the Federal Market Rent (FMR) for ZIP 64048 in fiscal year 2024 is set at $1,190. This figure contrasts with the reported market rent of $1,046, based on data from the Census Bureau's American Community Survey. The difference between the FMR and the actual market rent indicates that Section 8 vouchers can cover a substantial portion of the rental costs in this area, making it attractive for landlords who wish to participate in the program.
Given the economic profile of ZIP 64048, it appears well-suited for hands-off voucher operators. The higher FMR compared to market rent suggests that landlords can receive a competitive rate while still attracting tenants who benefit from the Section 8 program. However, due to the low percentage of renters in the community, a hands-on approach might be necessary to identify opportunities where the voucher program can effectively complement existing market conditions. This could involve targeting properties that appeal specifically to those with lower incomes, thereby maximizing the potential for rental income support through the Section 8 program.
In summary, ZIP 64048 offers a stable and financially secure environment for real estate investments, particularly those involving Section 8 vouchers. With a median income of $103,131 and median home values at $389,665, the area is primed for both hands-off and hands-on strategies, depending on the landlord's goals and the specific characteristics of their property portfolio.
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.