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 | $1,020 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,110 | $103,646 | 1.07% | B |
| 2BR | $1,260 | $155,791 | 0.81% | C |
| 3BR | $1,650 | $255,310 | 0.65% | D |
| 4BR | $1,970 | $352,191 | 0.56% | F |
| 5BR | $2,285 | $416,914 | 0.55% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 66048 does not favor tenants. The Fair Market Rent (FMR) set at $1,070 for the fiscal year 2024 is significantly below the actual market rent, which stands at $1,273 according to ZORI. This discrepancy means that landlords could struggle to cover costs if they adhere strictly to the FMR guidelines.
Acquisition in this area is relatively affordable for landlords and small-portfolio investors. With a median home value of $260,089, potential buyers face a more accessible entry point compared to other markets. The average days on market (DOM) is 18 days, indicating a brisk pace of sales. Furthermore, only 0.2% of homes have been subject to price cuts, suggesting that the market is stable and not prone to significant fluctuations.
Tenant demand in ZIP 66048 is robust. The area has a total population of 35,717, with 35.8% of residents being renters. This translates to over 12,750 renters, creating a substantial pool of potential tenants. The high renter share also indicates that there is a strong preference for renting over owning among the local populace.
In summary, while the rent math does not currently align in favor of tenants, making it challenging for those relying on housing assistance, the acquisition cost remains reasonable. The quick turnover and minimal price adjustments signal a healthy market for purchases. Additionally, the significant number of renters ensures a steady demand for rental properties. Landlords can expect a fair balance between investment affordability and tenant availability, despite the rent differential. However, they must be prepared to navigate the financial constraints posed by the lower FMR compared to the higher market rents.
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.