Section 8 Fair Market Rent (FMR) for ZIP 64084 - 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 | $980 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$65,060
Housing Authorities Serving ZIP 64084
The ZIP code 64084, located in Missouri, offers a stable environment for real estate investments, particularly for those interested in the rental market. The area is characterized by a moderate cost of living and a mix of residential properties, making it suitable for both single-family homes and multi-unit buildings.
- Fair Market Rent (FMR): The FMR for a two-bedroom apartment in ZIP 64084 for fiscal year 2024 is set at $1050, providing a benchmark for rental pricing that landlords can use to ensure their properties remain competitive.
- Market Rent: While specific market rent figures are not available, the FMR serves as a reliable indicator, suggesting that landlords should aim to price their units close to or slightly below this figure to attract tenants.
- Median Home Value: The median home value in the area stands at $337,790, reflecting a modest but solid investment opportunity for property owners looking to purchase or develop rental units.
- Renter Share: Only 5.6% of the population in ZIP 64084 are renters, indicating a smaller pool of potential tenants compared to areas with higher renter shares. This suggests that landlords must focus on offering competitive rates and attractive amenities to stand out.
- Days on Market (DOM): Information regarding the average days a property remains on the market before being rented is currently unavailable. However, given the relatively low renter share, landlords should be prepared for potentially longer periods to secure tenants.
- Median Income: With a median income of $65,060, tenants in ZIP 64084 have a reasonable disposable income to cover housing costs, although the lower renter share implies a need for well-targeted marketing strategies to reach potential renters effectively.
In summary, ZIP 64084 presents a niche market with opportunities for landlords who can offer competitive rents and appealing amenities. Given the low renter share, it's crucial to maintain a keen focus on attracting tenants through effective marketing and pricing strategies. The median home value and income levels suggest a stable financial environment, but landlords must be prepared for a potentially slower leasing process.
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.