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 | $1,110 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,360 | $178,472 | 0.76% | D |
| 3BR | $1,780 | $224,130 | 0.79% | D |
| 4BR | $2,130 | $250,172 | 0.85% | C |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 64117 in Kansas City, Missouri, for fiscal year 2024 is set at $1170. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It is important to note that this is not the actual rent you will receive; rather, it is a guideline that ensures affordability for low-income tenants.
In comparison, the local Zillow Observed Rental Index (ZORI) for the same area is $1,399. This indicates that the market rent is higher than the Section 8 payment standard, meaning you might have to accept a lower rent than what the market could offer if you choose to participate in the Section 8 program.
The 47.0% renter share in ZIP 64117 suggests there is a significant demand for rental properties. With nearly half of the population renting, there is a robust market for your potential Section 8 property. However, the competition for tenants is also high, which is why understanding the FMR is crucial.
When acquiring a new rental property in this area, the average price stands at $211,371. This figure represents the typical cost you would expect to pay for a property in ZIP 64117, and it is essential to consider this when evaluating the financial viability of your investment.
Before proceeding with your first Section 8 rental, ensure that your property meets all the necessary inspection requirements. The Housing Quality Standards (HQS) inspection is mandatory, and failing to meet these standards can result in penalties or disqualification from the program. This step is critical to avoid any legal issues and to ensure you receive the voucher payments without interruption.
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.