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 | $990 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $174,724 | 0.7% | D |
| 3BR | $1,590 | $370,886 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 64746 in Missouri presents a dynamic rental market that reflects ongoing pressures between supply and demand. The Fair Market Rent (FMR) for the area, set at $1080 for fiscal year 2024, closely aligns with the market rent of $1,050 as reported by the Census Bureau's American Community Survey (ACS). This indicates a stable relationship where neither landlords nor tenants are experiencing significant advantage over the other, suggesting a balanced market.
The median home value in ZIP 64746 stands at $326,047, which provides context for the overall economic landscape. Given that the exact percentage of price-cut share and days on market (DOM) are not available, we can infer that the market is likely not characterized by extreme conditions such as rapid appreciation or depreciation. The absence of these metrics points towards a steady state where property values have not seen drastic changes recently.
A noteworthy statistic is the 19.0% renter share, which reveals a significant portion of the population prefers renting over owning. This trend suggests long-term housing pressure as renters often represent a continuous demand for rental properties. Landlords and small-portfolio investors should be prepared for sustained interest in their rental offerings, given the high percentage of residents who choose to rent rather than buy.
In summary, ZIP 64746 exhibits a market where supply and demand are fairly matched, with rental prices slightly above market rents indicating a slight advantage for landlords. The substantial renter share implies consistent demand for rental units, making it an attractive market for those invested in rental properties. The median home value also signals a middle-ground economy, supporting the notion of a balanced market environment.
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.