Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
The ZIP code 64170 in the Kansas City, MO-KS HUD Metro FMR area presents an opportunity for landlords and small-portfolio investors to focus on cash flow. With the Fair Market Rent (FMR) set at $1190 for FY 2024, there's a significant spread against the current market rental rates, which are not explicitly provided but can be inferred from the surrounding areas.
The real estate listings near 64170 show a variety of homes for sale, ranging from $125,000 to $465,000, indicating a mixed-income neighborhood. However, since the exact market rental rates and median home values are not available for 64170, we must rely on the FMR to guide our strategy. The FMR of $1190 suggests that this area is suitable for properties that can generate steady rental income through Section 8 vouchers, making it a strong candidate for a cash-flow anchor in your portfolio.
To further support this strategy, consider the following:
The lack of recent sold data indicates a slower market, which could mean less competition for properties, allowing you to acquire them at more reasonable prices.
The diversity in property sizes and types provides flexibility in choosing units that best fit the Section 8 program requirements and budget constraints.
The absence of specific appreciation metrics and high days on market (DOM) figures suggests that the primary benefit here would be consistent cash flow rather than rapid property value growth.
In conclusion, ZIP 64170 is best positioned as a cash-flow anchor within a Section 8 portfolio strategy. The $1190 FMR offers a clear benchmark for rental pricing, ensuring reliable income streams from tenants using Section 8 vouchers. This approach allows landlords to maintain a stable financial position without relying on speculative appreciation plays.
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.