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 | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $950 | $102,474 | 0.93% | C |
| 2BR | $1,070 | $153,552 | 0.7% | D |
| 3BR | $1,400 | $226,723 | 0.62% | D |
| 4BR | $1,670 | $277,770 | 0.6% | D |
U.S. Census Bureau data (2024)
The ZIP code 64067, located in Lexington, Missouri, hosts a population of 5,978 residents. With 34.3% of the populace being renters, it indicates a moderate rental market presence rather than a heavy one. The median household income stands at $69,546, which provides a baseline for assessing the affordability of housing in the area.
The typical market rent in this ZIP code is $818 per month, representing approximately 14.2% of the median household income when calculated annually. This percentage suggests that the rent is relatively affordable compared to the average income level. However, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $1050, indicating that the actual market rent is below the federal benchmark. This discrepancy could imply a lower cost of living or a less competitive rental market in Lexington.
The difference between the market rent and the FMR also highlights the potential for deeper voucher demand. Given that Section 8 vouchers are typically capped at the FMR, landlords can expect a significant portion of their rental inquiries to come from tenants utilizing vouchers. These vouchers would cover up to $1050 in rent, making the $818 market rent well within the subsidy range. Therefore, landlords should prepare to accommodate tenants who rely on such assistance for their housing needs.
In summary, ZIP 64067 presents a moderate rental environment with a notable segment of the population being renters. The income levels suggest that rent consumes a reasonable portion of the monthly budget, but the gap between the actual market rent and the FMR points towards a higher likelihood of voucher usage. Landlords in this area should anticipate a tenant base that includes a substantial number of individuals relying on Section 8 vouchers to secure housing, ensuring that their properties meet the necessary standards for voucher acceptance.
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.