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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,880 | $344,419 | 0.55% | F |
| 3BR | $2,460 | $336,811 | 0.73% | D |
| 4BR | $2,940 | $424,279 | 0.69% | D |
U.S. Census Bureau data (2024)
1450 is the Fair Market Rent (FMR) for ZIP 64158 in Kansas City, MO, for fiscal year 2024, setting the maximum rental assistance payment for Section 8 participants. 1630 represents the Zillow Observed Rental Index (ZORI), indicating the average market rent in the area. 383,481 is the median home value in ZIP 64158, reflecting the overall property value in the neighborhood. 44.6% is the share of renters in the area, showing a significant portion of the population relies on rental housing. 105,043 is the median income in the ZIP code, providing insight into the financial capabilities of local residents.
The disparity between the FMR and the ZORI suggests that landlords participating in the Section 8 program might face challenges in covering their costs, as the FMR is significantly lower than the market rent. However, the high renter share indicates a robust demand for rental properties, which could be advantageous for landlords willing to accept Section 8 tenants. The median income figure provides context on the economic status of the area, helping to gauge the potential for stable tenancy among Section 8 participants.
Despite the lack of specific data on days on market (DOM) and the percentage of price cuts, the numbers paint a picture of an area where the cost of living is higher than what many Section 8 participants can afford. This creates a tension between the supply of affordable housing and the demand for it, potentially leading to a situation where landlords must carefully balance their investment strategies.
In conclusion, while the economics of ZIP 64158 present challenges for Section 8 landlords, the high renter share and median income levels suggest that there is a viable market for those who can manage their properties effectively. 1450 is the key figure to watch, as it will determine the financial feasibility of participating in the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.