Section 8 Fair Market Rent (FMR) for ZIP 64106 - 2027

Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area

Investment Score for ZIP 64106

D
Monthly Rent (2BR)
$1,700
Median Price (2BR)
$261,987
1% Rule
0.65%
Annual Yield
7.79%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,380
1 Bedroom$1,500
2 Bedrooms$1,700
3 Bedrooms$2,220
4 Bedrooms$2,660
5 Bedrooms$3,086
6 Bedrooms$3,456
7 Bedrooms$3,732
8 Bedrooms$3,919

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
1BR $1,500 $155,039 0.97% C
2BR $1,700 $261,987 0.65% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
11,343
Median Household Income
$52,564
Housing Units
6,107
Renter Percentage
83.0%
Occupancy Rate
89.5%
Renter Occupied
4,540

The economics of Section 8 housing in ZIP code 64106, located in Kansas City, Missouri, within Jackson County, are straightforward. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) for fiscal year 2024 is set at $1300. This figure is specific to this ZIP code, reflecting localized rental market conditions.

Local market rents, as measured by ZORI (Zillow Observed Rent Index), stand at $2092. This indicates that landlords can typically charge more than the SAFMR if they choose not to participate in the Section 8 program.

A landlord who accepts a Section 8 voucher will receive a payment from the government that covers the difference between the tenant's contribution and the SAFMR. Tenants are required to pay 30% of their adjusted income towards rent. Assuming an average adjusted income of $1000 per month, the tenant would contribute approximately $300 towards rent.

In addition to the tenant’s portion, there are utility allowances which vary but are typically around $200-$300 for a two-bedroom unit. Therefore, the total reimbursement to the landlord would be the SAFMR of $1300 plus the tenant's contribution of $300, totaling $1600.

This means that a landlord participating in Section 8 in ZIP 64106 would face a reimbursement gap. Given the local market rent of $2092, the landlord would need to accept a reimbursement of $1600, leaving a shortfall of $492 per month.

To summarize, the SAFMR sets the maximum amount the government will reimburse for a two-bedroom apartment in ZIP 64106 at $1300. Adding the tenant’s contribution and utility allowances, the total reimbursement comes to about $1600. With the local market rent at $2092, landlords accepting vouchers must account for a monthly reimbursement gap of $492.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.