Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
U.S. Census Bureau data (2024)
The ZIP code 64164, located within the Kansas City, MO-KS HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1,130 for FY 2024. This figure is slightly below the average FMR for a two-bedroom home in the broader Kansas City, MO-KS HUD Metro FMR Area, which stands at $1,258. The absence of specific market rent and home value data for ZIP 64164 makes direct comparisons challenging; however, we can infer that it likely falls into a value pocket category within the metro.
A key indicator supporting this inference is the 0.0% renter share reported for ZIP 64164. This suggests that very few residents within this ZIP code are renters, contrasting sharply with the typical mix of homeowners and renters seen in most urban areas. Given that the FMR is lower than the metro-wide average, this implies that rental properties in 64164 are less common but potentially more affordable for those seeking rental assistance through programs like Section 8.
In comparison to other ZIP codes within the Kansas City, MO-KS HUD Metro FMR Area, ZIP 64164's FMR is relatively low, indicating that it might be an attractive option for tenants seeking subsidized housing. The lack of data on market rent and home value further underscores the need for landlords to carefully consider the local rental market dynamics, as the FMR serves as a guideline for what is considered reasonable rent in areas where the program operates.
While the low renter share and below-average FMR do not necessarily indicate a high demand for Section 8 rentals in ZIP 64164, they suggest that this area could be a niche market for landlords willing to participate in the program. Landlords should be aware that the actual market conditions could vary, and it would be prudent to consult local real estate experts for a more detailed analysis of the rental market trends in 64164.
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.