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 | $970 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,550 | $289,770 | 0.53% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 64477, characterized by a median home value of $281,376, signals a stable market with potential for steady growth over the next 12-24 months. The absence of percentage reductions in listings and the unspecified median days on market (DOM) indicate that there is currently little pressure on sellers to lower their prices, suggesting strong pricing power. This stability in the housing market provides a solid foundation for long-term investment.
On the rental side, the Fair Market Rent (FMR) for ZIP 64477 in fiscal year 2024 is set at $1050, while the actual market rent stands at $793 according to the Census ACS data. This gap between FMR and the current market rent suggests that there is room for rental price increases, which could benefit landlords and small-portfolio investors. As market rents move closer to the FMR, investors can expect higher returns on their investments through increased rental income.
For long-hold investors, the setup in ZIP 64477 implies a realistic appreciation thesis. With stable home values and potential for rental price increases, the combination supports a gradual upward trend in property values. This trend is further reinforced by the strong pricing power observed in the lack of significant price reductions among listings. While not indicative of explosive growth, the data points towards a consistent and reliable increase in asset value over time, making it a favorable environment for those seeking steady capital appreciation.
Moreover, the discrepancy between the FMR and the current market rent highlights an opportunity for landlords to adjust their rental rates upwards without significantly impacting demand. This adjustment can be made gradually to align with the market conditions and the FMR, ensuring a balance between attracting tenants and maximizing rental income. Investors should monitor local economic indicators and housing trends closely to make informed decisions about adjusting their rental rates and assessing the overall health of the real estate market in ZIP 64477.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.