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 | $1,720 |
| 1 Bedroom | $1,870 |
| 2 Bedrooms | $2,120 |
| 3 Bedrooms | $2,770 |
| 4 Bedrooms | $3,320 |
| 5 Bedrooms | $3,851 |
| 6 Bedrooms | $4,313 |
| 7 Bedrooms | $4,658 |
| 8 Bedrooms | $4,891 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,770 | $420,674 | 0.66% | D |
| 4BR | $3,320 | $470,891 | 0.71% | D |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP 64139 in the context of Section 8 housing reveals several potential issues that could impact the success of such an endeavor. Firstly, tenant turnover is a significant concern due to the disparity between the market rent of $1,711 and the Fair Market Rent (FMR) of $1,530 for FY 2024. This difference suggests that tenants might struggle to afford the higher market rents, leading to frequent moves and high vacancy rates.
Vacancy exposure is another critical factor. The Days on Market (DOM) figure is currently unavailable, which makes it challenging to predict how quickly a property can be rented out. In areas where DOM is long, the risk of extended vacancies increases, directly affecting cash flow and profitability.
The deferred maintenance exposure is also notable. With a typical home value of $449,437 and a median income of $122,686, many residents may find it difficult to keep up with substantial home improvements or repairs. This financial strain can lead to a higher likelihood of properties falling into disrepair over time, necessitating additional investments from landlords to maintain the quality of the rental units.
However, these risks must be weighed against the high renter share in the area, which stands at 34.4%. High renter density typically translates to a greater demand for rental housing, including Section 8 vouchers. This increased demand can help mitigate some of the risks associated with tenant turnover and vacancy exposure, as there is a larger pool of potential tenants who are interested in securing affordable housing options.
In conclusion, the investment risk for a first-time Section 8 landlord in ZIP 64139 is moderate.
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.