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 | $1,190 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,460 | $228,428 | 0.64% | D |
| 3BR | $1,910 | $300,567 | 0.64% | D |
| 4BR | $2,280 | $412,839 | 0.55% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 64062, located within the Lawson, MO, Kansas City, MO-KS HUD Metro FMR Area, does not align favorably. The Fair Market Rent (FMR) set at $1,200 for fiscal year 2024 exceeds the reported market rent of $1,069 according to Census ACS data. This discrepancy suggests that landlords might struggle to justify higher rents based on the current market conditions.
Acquisition costs in this area are manageable, with a median home value of $304,710. However, due to the lack of data on days on market (DOM) and the percentage of homes requiring price cuts, it's difficult to gauge how competitive the real estate market is. Landlords and small-portfolio investors should proceed with caution, considering these unknowns could impact their ability to sell properties quickly or at desired prices.
Tenant demand in ZIP 64062 is present but not overwhelming. With a total population of 6,968, approximately 17.1% are renters. This indicates that while there is a pool of potential tenants, it may not be large enough to ensure a steady stream of rental income without careful management and marketing.
Overall, ZIP 64062 presents a mixed picture for landlords and small-portfolio investors. While the median home value suggests affordability in acquisitions, the mismatch between FMR and market rent, along with the limited tenant base, implies challenges in achieving optimal returns. Investors must weigh these factors carefully and consider local market dynamics before committing to rental investments in this area.
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.