Section 8 Fair Market Rent (FMR) for ZIP 64492 - 2027

Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area

Investment Score for ZIP 64492

N/A

Monthly Rent (2BR)

$1,240

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,010
1 Bedroom	$1,100
2 Bedrooms	$1,240
3 Bedrooms	$1,620
4 Bedrooms	$1,940
5 Bedrooms	$2,250
6 Bedrooms	$2,520
7 Bedrooms	$2,722
8 Bedrooms	$2,858

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,620	$362,663	0.45%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,713

Median Household Income

$66,211

Housing Units

742

Renter Percentage

13.6%

Occupancy Rate

95.8%

Renter Occupied

The ZIP code 64492, located in Missouri, is characterized by a stable housing market with a mix of rental and owner-occupied properties. This area offers opportunities for both landlords and small-portfolio investors looking to capitalize on the local real estate trends.

Fair Market Rent (FMR) for a 1-bedroom apartment in ZIP 64492 for fiscal year 2024 is set at $1050. This indicates a strong demand for affordable housing units within the area, providing a benchmark for rental pricing.
The average market rent for a 1-bedroom apartment, according to Census ACS data, is $956. This figure suggests that the actual rents are slightly below the FMR, which could present an opportunity for increasing rental rates while remaining competitive.
The median home value in the area is $387,325. This reflects a moderate cost for homeownership, making it accessible for a range of buyers and potentially attractive for investment in single-family homes.
Renters make up 13.6% of the total population in ZIP 64492. This relatively low percentage implies that there might be a smaller pool of potential renters compared to homeowners, but still a significant market segment to target.
The median income of residents is $66,211. This economic indicator shows that the area has a middle-class income level, supporting the viability of rental and homeownership markets.
The Days on Market (DOM) for rental listings is not available. This missing data point highlights a gap in understanding the speed at which rental properties are typically leased in the area.

Synthesizing these points, investors should note the slight discrepancy between the FMR and market rent, indicating room for modest rent increases. The moderate median home value and middle-class income levels suggest a balanced market where both rentals and homeownership remain viable. However, the lack of DOM data for rental listings means investors will need to conduct further research to understand the leasing cycle in ZIP 64492. Overall, the area presents a stable environment for real estate investments, particularly in affordable housing segments, but requires careful consideration of local market dynamics to optimize returns.

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.