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 | $1,090 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,180 | $65,534 | 1.8% | A+ |
| 2BR | $1,340 | $86,454 | 1.55% | A+ |
| 3BR | $1,750 | $115,593 | 1.51% | A+ |
| 4BR | $2,100 | $140,538 | 1.49% | A |
| 5BR | $2,436 | $160,957 | 1.51% | A+ |
U.S. Census Bureau data (2024)
The ZIP code 64130 in Kansas City, MO, is characterized by a diverse and moderately-sized population of 19,644 residents. With nearly half of the residents—48.4%—being renters, it indicates a significant demand for rental properties in the area. The median household income in ZIP 64130 stands at $42,221, which suggests that the majority of residents have a modest income level. This is further reflected in the median home value of $103,662, indicating an affordable housing market.
In terms of rental economics, the Fair Market Rent (FMR) for ZIP 64130, set for fiscal year 2024, is $1,110. In comparison, the market rent, as measured by Zillow's Observed Rent Index (ZORI), is higher at $1,301. This discrepancy highlights the potential for landlords and small-portfolio investors to leverage the difference between the government-set voucher rates and the actual market rates to their advantage.
Given these figures, ZIP 64130 would be suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the presence of a substantial number of renters and the alignment with Section 8 voucher rates provide a stable and predictable income stream. Meanwhile, value-add buyers can capitalize on the gap between FMR and market rents by improving property conditions and charging closer to the market rate, thereby increasing their revenue per unit.
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.