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 | $1,730 |
| 1 Bedroom | $1,880 |
| 2 Bedrooms | $2,130 |
| 3 Bedrooms | $2,780 |
| 4 Bedrooms | $3,330 |
| 5 Bedrooms | $3,863 |
| 6 Bedrooms | $4,327 |
| 7 Bedrooms | $4,673 |
| 8 Bedrooms | $4,907 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,880 | $168,498 | 1.12% | B |
| 2BR | $2,130 | $262,557 | 0.81% | C |
U.S. Census Bureau data (2024)
The ZIP code 64105 in Kansas City, MO, is characterized by a significant rental market presence, with 85.9% of its population consisting of renters. This high percentage indicates that the area is indeed renter-heavy, which suggests there is likely deep demand for housing vouchers such as those provided through Section 8. The median household income in this ZIP code is $67,235, which can be used to gauge the affordability of the average market rent of $1,521.
To understand the financial burden of renting on local incomes, we calculate that the typical rent consumes approximately 22.6% of the median household income. This figure is derived from dividing the market rent ($1,521) by the annual median income ($67,235), then multiplying by 12 months to get an annual rent amount and comparing it to the annual income. This calculation shows that while the rent is a substantial portion of income, it is still manageable for most households.
Comparing the market rent to the Fair Market Rent (FMR) set at $1,720 for FY 2024, we see that the actual market rent is slightly below the FMR, indicating that landlords in ZIP 64105 could potentially charge closer to the FMR without significantly deterring tenants. However, the existing market conditions suggest that rents are already priced competitively given the high demand for rentals.
A landlord in this ZIP code should expect a tenant profile that includes individuals and families who rely on Section 8 vouchers to afford housing. These tenants will generally have a household income that is less than 50% of the Area Median Income (AMI), which means they will be seeking affordable housing options. Given the strong rental market and the high percentage of renters, competition for Section 8 vouchers is likely intense among potential tenants. Landlords will need to ensure their properties meet Housing Quality Standards (HQS) and are willing to navigate the administrative processes associated with accepting voucher holders.
In summary, ZIP 64105 presents a robust opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a large portion of the population租房者，市场租金为$1,521，而公平市场租金（FMR）设定为$1,720（2024财年），实际市场租金略低于FMR。这表明房东可以考虑将租金提高至接近FMR的水平，而不至于显著影响租户的入住意愿。然而，鉴于现有的市场状况和强烈的租赁需求，租金已经定价合理以吸引租户。 总结来说，ZIP代码64105为有兴趣接纳Section 8房客的房东和小型投资组合提供了良好的机会。该地区租房者比例高，市场租金相对较低，使得依赖住房券的家庭能够负担得起住房。房东应准备好迎接那些收入低于地区中位收入50%的家庭，并确保他们的房产符合住房质量标准（HQS）。同时，房东需要愿意处理与接受住房券持有者相关的行政程序。
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.