Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 64090, located within the Kansas City, MO-KS HUD Metro FMR Area, presents itself as a cash-flow anchor in a Section 8 portfolio strategy. This designation is based on the significant spread between the Fair Market Rent (FMR) set at $1170 for fiscal year 2024 and the market rent, which stands at $725. This disparity indicates that properties within ZIP 64090 can be rented out at higher rates through Section 8 programs compared to the local market rent, providing a reliable source of income.
The median home value is not available for this area, but the focus remains on rental properties due to the high demand indicated by the 28.1% renter share. This percentage suggests a substantial portion of the population relies on rentals, making it a stable market for landlords and small-portfolio investors. The median income of $61,875 supports the viability of the Section 8 program in this area, as it ensures a steady flow of eligible tenants who require subsidized housing.
In conclusion, ZIP 64090 serves as an ideal cash-flow anchor within a Section 8 portfolio strategy due to the favorable rent spread. It provides landlords with consistent and predictable returns, given the high renter share and the economic conditions that support the ongoing need for affordable housing solutions.
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.