Section 8 Fair Market Rent (FMR) for ZIP 64110 - 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 | $1,300 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,500 |
| 5 Bedrooms | $2,900 |
| 6 Bedrooms | $3,248 |
| 7 Bedrooms | $3,508 |
| 8 Bedrooms | $3,683 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$63,044
Housing Authorities Serving ZIP 64110
To decide whether you should invest in ZIP 64110 (Kansas City, MO) for Section 8 properties, follow this decision tree:
1) Does FMR $1200 (zip FY 2024) clear debt service on a $243,293 property?
- No. The Fair Market Rent (FMR) of $1200 is insufficient to cover the typical debt service on a property valued at $243,293. Debt service includes mortgage payments, property taxes, insurance, and maintenance costs. With an average annual debt service of around $15,000-$18,000, monthly payments would range from $1250-$1500. Given that the FMR is exactly $1200, there is little to no buffer for unexpected expenses or to cover the full cost of debt service.
2) Is market rent $1,545 (ZORI) above, at, or below FMR?
- Above. The Zillow Observed Rent Index (ZORI) of $1,545 is higher than the FMR of $1200. This indicates that market rents exceed the government-set limits for Section 8, suggesting potential difficulties in finding tenants willing to pay the ZORI rate. Landlords might need to consider offering non-monetary incentives or accepting lower rents to attract tenants.
3) Are 52.2% renters + 14-day DOM enough demand?
- Yes. The rental market in ZIP 64110 shows strong demand with 52.2% of households being renters. Additionally, the average days on market (DOM) for rental listings is 14 days, which is relatively low. This suggests that rental properties are filling quickly, indicating a robust demand for housing in this area.
Decision:
- If your primary goal is to cover debt service strictly with Section 8 vouchers, the answer is No. The FMR does not provide sufficient income to fully cover the expected debt service costs.
- If you can find properties priced lower or with lower debt service requirements, and you are willing to accept market rents that are above the FMR, then the answer is It Depends. You will need to balance the higher market rent against the potential challenges of attracting tenants who qualify for Section 8 vouchers.
- If you are focused on the strength of the rental market and the quick turnover of rental listings, the answer is Yes. The high percentage of renters and short DOM suggest a healthy demand for rental properties in this area.
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.