Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,320 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,630 |
| 3 Bedrooms | $2,130 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
The ZIP code 64168 is located in Kansas City, Missouri, within Platte County. The neighborhood is characterized by a mix of residential and commercial properties, though detailed demographic data such as total population, percentage of renters, median income, and median home value is not currently available for this specific ZIP code.
Moving onto the economic analysis, the Fair Market Rent (FMR) for ZIP code 64168 is set at $1340 for the fiscal year 2024. This figure represents the government's benchmark for rental costs in the area and is used to determine eligibility for housing assistance programs such as Section 8. While the exact market rent is not provided, it can be inferred that the FMR serves as a guideline for affordable housing within the community.
Given the limited data available, it is challenging to definitively categorize ZIP 64168 as either a hands-off voucher operator or a hands-on value-add buyer territory. However, the presence of a defined FMR suggests that there is a structured approach to affordable housing in the area, which could favor hands-off operators who rely on government subsidies. For those interested in value-add opportunities, the absence of specific median home values and rental rates leaves room for deeper local market analysis to identify potential investment areas where improvements could lead to higher returns.
To make a more informed decision, further investigation into the local real estate market trends, property management practices, and the availability of Section 8 vouchers would be necessary. Engaging with local real estate agents or property managers could provide insights into the demand for subsidized housing and the potential for value-add investments in the area.
Data Sources: FMR data from HUD (2027).
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.