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 | $950 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,530 | $351,374 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 64671 is situated in a small, close-knit neighborhood with a total population of 1,986 residents. Only 10.7% of these residents are renters, indicating a predominantly owner-occupied area. The median household income here stands at $75,455, reflecting a middle-class community where most residents can afford to buy rather than rent their homes. The median home value in the area is $292,588, suggesting that homeownership is accessible yet not inexpensive.
From an investment perspective, the Federal Market Rent (FMR) for ZIP 64671 in fiscal year 2024 is set at $1,050. However, the actual market rent, according to the Census Bureau's American Community Survey (ACS), is significantly lower at $683 per month. This discrepancy between the FMR and the market rent presents an opportunity for investors who are willing to participate in the Section 8 housing program. Landlords can charge the higher FMR rate while tenants pay a portion based on their income, with the government covering the rest.
Given these conditions, ZIP 64671 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For those preferring a hands-off approach, the guaranteed rental income from the Section 8 program provides stability and a predictable cash flow, despite the low percentage of renters in the area. On the other hand, value-add investors might find opportunities to improve properties and command rents closer to the FMR, thereby increasing their profit margins. However, they must be prepared to navigate the administrative requirements of the Section 8 program.
In conclusion, the economic landscape of ZIP 64671 offers a clear path for Section 8 investors. With a median income of $75,455 and a median home value of $292,588, the neighborhood supports a mix of homeowners and renters. The significant gap between the FMR of $1,050 and the market rent of $683 provides a compelling reason for investors to consider this area, whether they aim for passive income or active property management.
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.