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 | $1,430 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $1,760 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,760 | $281,498 | 0.63% | D |
| 3BR | $2,300 | $380,330 | 0.6% | D |
| 4BR | $2,750 | $496,099 | 0.55% | F |
| 5BR | $3,190 | $592,928 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP code 64154, located in Kansas City, MO, is situated within the broader Kansas City, MO-KS HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 64154 in fiscal year 2024 is set at $1470, closely aligning with the area's average market rent of $1,483. This indicates that the rental prices in 64154 are reflective of the overall metro's pricing trends.
The median home value in ZIP 64154 stands at $422,271, which places it slightly above the typical home values seen across the Kansas City, MO-KS HUD Metro FMR Area. This suggests that while it is not necessarily a premium sub-market, it offers better-than-average property values within the context of the metro.
A notable feature of ZIP 64154 is its renter share, which is 49.6%. This percentage is higher than the typical renter share in the Kansas City, MO-KS HUD Metro FMR Area, indicating a strong preference for renting over owning in this area. When combined with the relatively moderate rental prices, this points towards 64154 being an attractive location for Section 8 participants.
The high renter share coupled with below-metro median home values can indeed signal a sweet spot for Section 8 investments. Landlords and small-portfolio investors should consider this ZIP code as a potential value pocket where the demand for affordable rentals is high, and the competition for homeownership is lower compared to other parts of the metro. This makes it a strategic choice for those looking to capitalize on the rental market dynamics within the Kansas City area.
In summary, ZIP 64154 presents itself as a value pocket within the Kansas City, MO-KS HUD Metro FMR Area, characterized by its alignment with average market rents, slightly elevated home values, and a notably high renter share. These factors collectively suggest a favorable environment for Section 8 investments.
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.