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 | $1,410 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,740 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,720 |
| 5 Bedrooms | $3,155 |
| 6 Bedrooms | $3,534 |
| 7 Bedrooms | $3,817 |
| 8 Bedrooms | $4,008 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,740 | $239,020 | 0.73% | D |
| 3BR | $2,270 | $338,205 | 0.67% | D |
| 4BR | $2,720 | $487,440 | 0.56% | F |
| 5BR | $3,155 | $617,351 | 0.51% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 64081 does not align favorably for landlords. The Fair Market Rent (FMR) set at $1350 for the fiscal year 2024 is notably below the market rent, which stands at $1,744 according to ZORI. This discrepancy suggests that landlords may struggle to cover costs and maintain profitability if they adhere strictly to the FMR guidelines.
Acquisition in this area is relatively affordable. With a median home value of $417,263, potential investors can find properties at reasonable prices. The short days on market (DOM) of 11 days indicates a brisk sales pace, which could be advantageous for those looking to quickly turn over their investments. Additionally, the low price-cut share of 0.2% suggests that homes are selling close to their asking prices, further supporting the notion that acquisitions are affordable without significant negotiation.
Tenant demand in ZIP 64081 is robust. The population of 25,305 supports a healthy pool of potential renters, especially considering that 28.5% of the residents are renters. This substantial renter share implies a consistent demand for rental properties, which could provide steady occupancy rates and stable cash flows for landlords.
In summary, while the rent math poses challenges due to the disparity between FMR and market rents, the affordability of acquisitions and strong tenant demand make ZIP 64081 an attractive investment location for landlords and small-portfolio investors. Despite the initial hurdle, the combination of accessible property values and high renter interest offers a promising opportunity for those willing to navigate the rental pricing landscape carefully.
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.