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 analysis of ZIP 64197 within the Kansas City, MO-KS HUD Metro Fair Market Rent (FMR) area reveals several critical points for landlords and small-portfolio investors.
The Fair Market Rent for the area is set at $1190 for fiscal year 2024. However, without specific data on market rent, it's impossible to determine if this figure accurately reflects the local rental environment. This lack of information makes it challenging to assess whether the rent math works in favor of property owners or if adjustments might be necessary based on actual market conditions.
Regarding acquisition affordability, the absence of data on median home values, days on market (DOM), and the percentage of homes requiring price cuts means that potential investors cannot make informed decisions about the cost and ease of acquiring properties in this area. Without these key metrics, it's unclear how competitive the market is for buying real estate.
Tenant demand is another area where specific data is missing. The unknowns around population size and the percentage of renters in the area prevent an accurate assessment of how many potential tenants might be looking for housing and whether they can afford the set FMR.
Verdict: Investing in ZIP 64197 presents significant challenges due to the lack of critical data. Without concrete figures on market rents, median home values, days on market, price-cut percentages, and the demographic makeup of the area, making informed decisions on both rental pricing and property acquisition is unfeasible. Landlords and small-portfolio investors should seek additional, detailed information before considering investments in this 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.