Location: Saline County, 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 | $880 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,410 | $213,721 | 0.66% | D |
U.S. Census Bureau data (2024)
The ZIP code 64096, located in Missouri, is a residential area that offers opportunities for both landlords and small-portfolio investors looking to enter the rental market. The area is characterized by a mix of homeowners and renters, with a significant portion of residents opting for rental properties.
Investors should note the gap between the Fair Market Rent and the actual market rent, which presents an opportunity to increase rents slightly without pricing out the majority of tenants. The significant share of renters and the median income levels suggest that there is a stable tenant base. However, the median home value indicates that purchasing homes for rental purposes could be competitive, especially if the goal is to achieve high returns on investment. Overall, ZIP 64096 offers a balanced market where rental properties can be profitable, but careful consideration of property values and renter demographics is essential.
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.