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 | $1,020 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,260 | $219,125 | 0.58% | F |
| 3BR | $1,650 | $286,688 | 0.58% | F |
| 4BR | $1,970 | $395,079 | 0.5% | F |
| 5BR | $2,285 | $561,678 | 0.41% | F |
U.S. Census Bureau data (2024)
ZIP code 64075, located in Oak Grove, Missouri, stands out within Jackson County due to its unique demographic and economic profile. With a population of 12,121 residents, 30.5% of whom rent their homes, Oak Grove offers a mix of homeownership and rental opportunities. The median income here is $81,573, which is relatively stable and indicates a middle-class community. The median home value in ZIP 64075 is $299,758, reflecting a moderate cost of living compared to other areas in Jackson County.
The voucher economics in Oak Grove present a significant opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for ZIP 64075 for fiscal year 2024 is set at $1,070, while the local market rent, as measured by ZORI, is $1,370. This means that landlords can potentially attract tenants who qualify for Section 8 vouchers, securing a steady and reliable source of rental income. The gap between FMR and market rent suggests that there is room for landlords to charge above the voucher amount, thereby maximizing their revenue while still offering affordable housing options to low-income families.
Based on the data signature, ZIP 64075 appears to be a stable area. The median income and home values indicate a consistent economic environment where middle-class families can afford to live and invest. The rental rate dynamics also suggest stability, with a clear distinction between subsidized and market rents. This stability is beneficial for both landlords and small-portfolio investors looking to secure long-term, predictable returns on their investments. However, it's important to note that the overall rental market remains competitive, and landlords should focus on maintaining properties to meet tenant expectations and comply with housing standards.
To summarize, Oak Grove's ZIP 64075 presents a balanced environment for real estate investment, with a strong middle-class presence and a favorable voucher-to-market rent ratio. The data points towards a stable rather than transitional area, making it an attractive option for those interested in Section 8 properties.
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.