Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,600 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,370 |
| 4 Bedrooms | $2,830 |
| 5 Bedrooms | $3,283 |
| 6 Bedrooms | $3,677 |
| 7 Bedrooms | $3,971 |
| 8 Bedrooms | $4,170 |
U.S. Census Bureau data (2024)
The analysis of the Section 8 program in ZIP 64149 reveals that the FMR exceeds the actual market rent. This situation makes it advantageous for landlords who accept Section 8 vouchers because they can receive higher rents than what the open market dictates. Specifically, voucher tenants can help landlords achieve a yield play, ensuring steady income at rates above the typical market level.
In ZIP 64149, only 0.0% of residents are renters, indicating a predominantly owner-occupied area. The median home value stands at $519,336, and the median income is $91,250. These figures suggest that the area is relatively affluent, but the low rental rate indicates that there might be limited rental inventory or other factors influencing the rental market.
Given the disparity between FMR and market rent, landlords can leverage Section 8 vouchers to fill vacancies and generate a higher return on their investment properties. This approach is particularly beneficial in a neighborhood where rental demand is low and market rents are below the FMR threshold.
To summarize, the $201 gap between the FMR and market rent in ZIP 64149 positions this area as a favorable environment for landlords who accept Section 8 vouchers. It allows them to capitalize on a yield play, ensuring that their rental income aligns with the higher FMR rather than the lower market rates.
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.