Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
U.S. Census Bureau data (2024)
The ZIP code 64147, located within the Kansas City, MO-KS HUD Metro FMR Area, plays a significant role in a Section 8 portfolio strategy due to its characteristics as a cash-flow anchor. The Federal Market Rent (FMR) for FY 2024 is set at $1050, which is notably lower than the market rent of $1146. This creates a positive spread of $96 per month, ensuring that landlords can receive a higher payment from the Section 8 program compared to the FMR, thus stabilizing their cash flow.
The median home value in ZIP 64147 is currently not available, but this does not affect its classification as a cash-flow anchor since the primary focus is on rental income stability. Landlords participating in the Section 8 program within this area can rely on consistent government subsidies that cover a substantial portion of their rents, making it an ideal location for securing long-term, steady income streams.
Furthermore, the ZIP code's high renter share of 100.0% indicates a strong demand for rental properties, which is crucial for maintaining occupancy rates and minimizing vacancy costs. Although the median income figure is not available, the existing data points towards a robust rental market where the Section 8 vouchers are likely to be well-utilized by tenants seeking affordable housing options.
In conclusion, ZIP 64147 serves best as a cash-flow anchor within a Section 8 portfolio strategy. Its favorable spread between FMR and market rent ensures reliable income, while the high renter share guarantees a stable tenant base, minimizing risks associated with vacancies and delinquencies.
Data Sources: FMR data from HUD (2027). 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.