Location: Johnson County, 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 | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $335,866 | 0.38% | F |
U.S. Census Bureau data (2024)
11.1% of the population in ZIP 64739 are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the area, as set by HUD for fiscal year 2024, is $1050, which represents the maximum amount a landlord can charge for a Section 8 voucher holder. In comparison, the average market rent based on Census ACS data stands at $721, suggesting that landlords participating in the Section 8 program could potentially command higher rents than the local market average. However, it's important to note that the median home value in the area is $344,545, which might influence the overall housing dynamics.
$85,375 is the median income for ZIP 64739, which is a critical figure for understanding the economic capacity of potential tenants. While the median income provides insight into the financial health of residents, the lack of data on days on market (DOM) and the percentage of homes that have had their prices cut suggests limited volatility in the housing market. This stability can be beneficial for long-term investments.
Investors considering Section 8 participation should weigh the benefits of guaranteed rental income against the limitations imposed by the program. The disparity between the HUD FMR of $1050 and the market rent of $721 indicates a potential premium for landlords who choose to accept vouchers. However, the median income figure of $85,375 also implies that there may be a significant portion of the population capable of paying market rates without assistance.
The verdict for Section 8 participation in ZIP 64739 is positive, given the higher FMR compared to the average market rent and the moderate renter share. Landlords can secure steady rental income while potentially charging more than the typical market rate.
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.