Location: Johnson 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 | $940 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,520 | $276,251 | 0.55% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 64071, located in Johnson County, Missouri, reveals several key points that should inform investment decisions. The HUD Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,050. This figure is slightly below the market rent of $1,188, as reported by the Census American Community Survey (ACS).
Voucher tenants in this ZIP code will cashflow marginally at the HUD FMR. Landlords can expect to break even or make a small profit on standard units, but premium units may offer better returns. The median home value in ZIP 64071 is $240,750, which provides a basis for calculating the rent-to-price ratio. At an average market rent of $1,188, the rent-to-price ratio is approximately 0.5%, indicating that rental income alone would not cover the mortgage payments on a typical property.
The data does not provide a median Days on Market (DOM) or a percentage of homes that have been listed with price cuts, making it difficult to assess the current rent-versus-buy dynamics in the area. However, given the slight disparity between the HUD FMR and the market rent, the focus for investors should be on cashflow rather than appreciation or stability.
The strongest investor angle in ZIP 64071 is cashflow, particularly when targeting premium units that can command rents closer to the market rate. While the HUD FMR is lower than the market rent, the potential for higher rental income on upgraded properties makes this a viable strategy for maximizing returns.
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.