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 | $860 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,390 | $282,108 | 0.49% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 64465 in fiscal year 2024 is set at $1050. This figure represents the payment standard for landlords participating in the Section 8 program, which is the maximum amount the government will pay toward a tenant's rent. It does not mean that you can charge $1050; rather, it sets a ceiling on the subsidy provided to tenants.
In comparison, the average rent for ZIP 64465, according to the latest Census American Community Survey (ACS), is $857. This indicates that the FMR is higher than the typical market rate, offering landlords a potential buffer against the costs associated with renting to Section 8 participants. The difference between these two figures suggests a reasonable profit margin if your property meets the required standards.
The renter share in ZIP 64465 stands at 28.3%, meaning nearly one-third of the population are renters. This percentage reflects a steady demand for rental properties, including those that might participate in the Section 8 program. However, it's important to note that the actual number of eligible Section 8 participants can vary, so it's crucial to understand the local housing authority's waiting list and participation rates.
If you're considering acquiring a new property for a Section 8 rental in ZIP 64465, the median home value is around $267,797. This price point gives you an idea of the investment needed to enter this market. Given the FMR and the local average rent, this could be a viable investment if managed correctly.
Before making a final decision, verify that your property complies with Housing Quality Standards (HQS). These standards ensure the safety and habitability of the unit, covering areas such as structural integrity, heating, plumbing, and electrical systems. Compliance with HQS is mandatory for any property wishing to participate in the Section 8 program.
To summarize, the FMR of $1050 provides a clear benchmark for subsidies, while the local average rent of $857 offers insight into market conditions. With a significant portion of the population renting, there is demand for affordable housing. Ensure your property meets HQS to avoid disqualification and to protect your investment.
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.