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 | $1,210 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,490 | $163,614 | 0.91% | C |
| 3BR | $1,950 | $219,133 | 0.89% | C |
| 4BR | $2,330 | $281,312 | 0.83% | C |
| 5BR | $2,703 | $326,790 | 0.83% | C |
U.S. Census Bureau data (2024)
The dynamics of the Raytown, MO real estate market, specifically ZIP code 64133, indicate a balance between supply and demand that leans towards a slight favoring of the latter. The Fair Market Rent (FMR) for the area, set at $1,140 for zip FY 2024, closely aligns with the actual market rent, known as ZORI, which stands at $1,269. This suggests that rental prices are reflective of the fair market assessment, indicating a stable rental environment.
A key indicator of market health is the percentage of listings that have experienced price cuts. In Raytown, this figure is notably low at 0.2%, suggesting that landlords and sellers are confident in their pricing strategies and that there isn't a significant surplus of properties on the market. Additionally, the days on market (DOM) for listings is relatively short at 19 days, which further supports the idea that demand meets supply effectively, allowing for quick turnover and minimizing vacancy periods.
The median home value in Raytown is $212,531, placing it within an accessible range for many potential homeowners. However, the substantial 36.0% renter share indicates a significant portion of the population prefers or is compelled to rent rather than buy. This high renter share can be indicative of several factors, including affordability concerns, population demographics, or preferences for renting over buying. Over the long term, this suggests ongoing housing pressure, particularly in the rental sector, as a considerable number of residents will continue to rely on rental properties.
In summary, Raytown's real estate market is characterized by a steady rental environment with prices that accurately reflect market conditions, minimal supply issues as evidenced by low price-cut shares and quick sale times, and a substantial reliance on rental housing that points to enduring housing pressures. For landlords and small-portfolio investors, this means a stable but competitive market with opportunities to meet the consistent demand for rental properties.
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.