Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
The ZIP code 64121 in Kansas City, Missouri, presents a unique profile that sets it apart from other areas within the county. The specific demographic and economic details for this ZIP, including resident count, rental percentage, median income, and median home value, are currently unavailable. However, the analysis can still be guided by the key indicator of the Fair Market Rent (FMR) for the area.
For fiscal year 2024, the FMR for ZIP 64121 stands at $1190. This figure is crucial for understanding the rental economics in the context of Section 8 vouchers. While the exact market rent figures are not available, the FMR serves as a benchmark for subsidized housing rates, indicating the maximum amount that landlords can charge for rental units participating in the Section 8 program. This makes it a valuable tool for landlords and small-portfolio investors looking to gauge their potential rental income when accepting vouchers.
The voucher economics in ZIP 64121 are straightforward. Landlords who accept Section 8 vouchers will receive a subsidy that covers the difference between the tenant's portion of the rent and the FMR. Given the absence of market rent data, the FMR becomes even more significant as it represents the upper limit for rental rates under the program. This ensures that landlords are aware of the financial boundaries they must work within when renting to tenants with vouchers.
Without comprehensive historical data, it is challenging to definitively label ZIP 64121 as either stable or transitional. However, the reliance on FMR as a primary economic indicator suggests a certain level of stability in the rental market, especially if there has been little fluctuation in the FMR over recent years. For landlords and investors, this means that while specific trends within the ZIP code might remain unclear, the foundational economic support through Section 8 remains consistent and reliable.
Data Sources: FMR data from HUD (2027).
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.