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 | $1,360 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,610 |
| 5 Bedrooms | $3,028 |
| 6 Bedrooms | $3,391 |
| 7 Bedrooms | $3,662 |
| 8 Bedrooms | $3,845 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,670 | $190,340 | 0.88% | C |
| 3BR | $2,180 | $276,512 | 0.79% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 64136, Kansas City, MO, presents a unique set of conditions that landlords and small-portfolio investors should consider when evaluating their pricing power and investment strategies over the next 12-24 months. The median home value currently stands at $264,376. While the percentage of listings that have been reduced and the median days on market (DOM) are not available, the median home value can still provide valuable insights.
A median home value of $264,376 suggests a relatively stable housing market where properties are neither undervalued nor excessively inflated. This stability could indicate a balanced market, which might limit the ability of landlords to significantly increase rents without potentially affecting occupancy rates. However, it also points to a market that is less prone to sudden downturns, offering some security to long-term investors.
On the rental side, the Fair Market Rent (FMR) for ZIP 64136 in fiscal year 2024 is projected to be $1,370, compared to the current market rent of $1,212 based on Census ACS data. This gap signals a potential upward trend in rental prices, aligning with the broader economic indicators that suggest increasing demand for rental properties. Landlords may find themselves in a position to gradually adjust their rents closer to the FMR level, reflecting the anticipated market conditions.
For long-hold investors, the setup implied by the data suggests a moderate appreciation thesis. With the median home value showing no significant signs of volatility and the rental market indicating a gradual increase in demand, there is a reasonable expectation that property values will appreciate at a steady rate, albeit not at an explosive pace. This scenario supports a strategy focused on long-term growth and consistent cash flow rather than rapid capital gains.
Investors should remain vigilant to changes in local economic factors, such as job growth or new developments, which could influence both the housing and rental markets. A strategic approach would involve leveraging the current stability in property values while gradually adjusting rental prices to align with the projected FMR. This balance between cautious optimism and prudent management can help ensure sustainable returns over the medium to long term.
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.