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 | $1,160 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,430 | $375,715 | 0.38% | F |
| 3BR | $1,870 | $409,089 | 0.46% | F |
| 4BR | $2,240 | $554,237 | 0.4% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 64734 in Missouri on the yield and stability axes reveals a mixed scenario. With a Fair Market Rent (FMR) of $1,310 for fiscal year 2024 and a market rent of $1,116, there is a notable potential for rental yields that exceed market expectations. This suggests that properties in this area could generate higher-than-average rental incomes.
However, the stability aspect is less clear due to limited data. The population of renters stands at 17.0%, which indicates a relatively low demand for rentals compared to homeownership. The median household income is $88,274, which provides some assurance regarding the ability of residents to afford rent payments. Yet, the absence of information on the average days on market (DOM) makes it challenging to assess the turnover rate and stability of the rental market.
Given the high FMR relative to the market rent, ZIP 64734 leans towards being a higher-yield market. However, the low percentage of renters and lack of DOM data suggest instability. The median home value of $425,245 also points to a higher-end market, which may influence the type of investment strategy suitable for this area.
To summarize, ZIP 64734 appears to be a market offering opportunities for higher rental yields but with potential risks related to stability. Landlords and small-portfolio investors should carefully consider these factors before making investment decisions.
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.