Section 8 Fair Market Rent (FMR) for ZIP 64072 - 2027
Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,110 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$37,917
When considering whether to invest in ZIP 64072 for Section 8 properties, follow this decision tree:
- Does the FMR of $1070 cover the debt service on a property?
- Yes. If your property's debt service is less than or equal to $1070, then the FMR can support your investment. This means that the rental assistance payments will be sufficient to meet your mortgage obligations and other costs.
- No. If your debt service exceeds $1070, then the FMR will not be enough to clear your debts. In this case, investing in ZIP 64072 for Section 8 purposes would not be financially viable.
- Is the market rent of $1,150 above, at, or below the FMR?
- Above. With a market rent of $1,150 being higher than the FMR, landlords might find it challenging to attract tenants who qualify for Section 8. The gap between market rates and FMR suggests limited demand for Section 8 properties.
- At or Below. If market rents are close to or below the FMR, there could be a better alignment with the needs of Section 8 tenants. This scenario indicates a higher likelihood of finding qualified tenants willing to pay the subsidized rate.
- Are 18.6% renters combined with the days on market (DOM) sufficient to meet demand?
- It Depends. The 18.6% of renters in ZIP 64072 provides some insight into the overall demand for rental housing. However, without knowing the average DOM, it's difficult to gauge the exact demand for Section 8 properties. A low DOM would indicate strong demand, while a high DOM would suggest weaker demand.
To summarize, if the FMR of $1070 clears your debt service and the market rent is at or below this figure, you should proceed cautiously but consider the investment. If the FMR does not cover your debt service, avoid investing in ZIP 64072 for Section 8 properties. Lastly, the percentage of renters alone isn't conclusive; you must also evaluate the DOM to make an informed decision.
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.