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 | $1,530 |
| 1 Bedroom | $1,660 |
| 2 Bedrooms | $1,880 |
| 3 Bedrooms | $2,460 |
| 4 Bedrooms | $2,940 |
| 5 Bedrooms | $3,410 |
| 6 Bedrooms | $3,819 |
| 7 Bedrooms | $4,125 |
| 8 Bedrooms | $4,331 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,880 | $359,025 | 0.52% | F |
| 3BR | $2,460 | $384,346 | 0.64% | D |
| 4BR | $2,940 | $505,620 | 0.58% | F |
| 5BR | $3,410 | $568,983 | 0.6% | F |
U.S. Census Bureau data (2024)
The ZIP code 64156, located within the Kansas City, MO, Kansas City, MO-KS HUD Metro FMR Area, serves as a solid cash-flow anchor for a Section 8 portfolio strategy. This conclusion is based on the spread between the Fair Market Rent (FMR) set at $1550 for fiscal year 2024 and the local market rent of $1575. The close alignment between these two figures ensures that landlords can maintain steady cash flows without significant risk of vacancy due to price inaccessibility.
A key factor supporting this strategy is the median home value in the area, which stands at $459,623. While this figure might seem high, it's important to note that the focus here is on rental properties, and the FMR closely mirrors the market rent, indicating a stable and predictable environment for rental income.
The lack of data on price-cut shares and days on market (DOM) suggests that the primary opportunity in this ZIP code is not in appreciation but rather in maintaining consistent returns. Given the narrow gap between the FMR and market rent, there is little room for significant price increases, which further supports the cash-flow anchor designation.
The median income of $130,224 in ZIP 64156 also plays a role in stabilizing the rental market. Higher incomes generally mean a more reliable tenant pool who can afford the rents, reducing the risk of non-payment and increasing the likelihood of long-term tenancy. With a renter share of 22.4%, the area has a healthy mix of homeowners and renters, ensuring a diverse demand for rental properties.
In summary, ZIP 64156 should be considered a cash-flow anchor in a Section 8 portfolio strategy. The stability provided by the close alignment of FMR and market rents, combined with a strong median income, makes this area ideal for generating consistent and predictable cash flows. Landlords and small-portfolio investors can rely on this ZIP code to provide a steady stream of rental income without the volatility often associated with areas focused on property appreciation.
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.