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 | $1,030 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,120 | $74,077 | 1.51% | A+ |
| 2BR | $1,270 | $102,532 | 1.24% | A |
| 3BR | $1,660 | $140,579 | 1.18% | B |
| 4BR | $1,990 | $172,175 | 1.16% | B |
| 5BR | $2,308 | $223,626 | 1.03% | B |
U.S. Census Bureau data (2024)
The ZIP code 64123 in Kansas City, MO, is a renter-heavy area, with 32.4% of the population renting their homes. Given a total population of 11,833, this translates to approximately 3,829 renters who could potentially be seeking housing assistance through Section 8 vouchers. The median household income in this ZIP is $54,443, indicating that the typical market rent of $1,277 represents about 23.5% of the average annual income. This percentage is significant, suggesting that many renters would likely need financial assistance to cover their housing costs.
Comparing the market rent to the Fair Market Rent (FMR) of $1,050 for FY 2024, it's evident that the actual rents in ZIP 64123 are higher than the government's benchmark for affordable housing. This discrepancy implies a strong demand for Section 8 vouchers among tenants, as the cost of living exceeds the affordability threshold set by the FMR. Landlords in this area should anticipate a tenant pool that heavily relies on housing vouchers to meet rental obligations.
To summarize, ZIP 64123 is characterized by a substantial number of renters who require assistance due to the high proportion of income dedicated to rent. With market rents surpassing the FMR, the expectation is that landlords will encounter a high volume of applicants utilizing Section 8 vouchers to secure housing. This environment supports the conclusion that the area has deep voucher demand, making it attractive for those willing to participate in the program.
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.