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 | $1,590 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $1,960 |
| 3 Bedrooms | $2,560 |
| 4 Bedrooms | $3,070 |
| 5 Bedrooms | $3,561 |
| 6 Bedrooms | $3,988 |
| 7 Bedrooms | $4,307 |
| 8 Bedrooms | $4,522 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,560 | $389,078 | 0.66% | D |
| 4BR | $3,070 | $481,610 | 0.64% | D |
| 5BR | $3,561 | $561,327 | 0.63% | D |
U.S. Census Bureau data (2024)
The median income in ZIP code 66219 stands at $94,124, which provides a strong financial foundation for households. However, when considering the market rate rent of $1,603 (ZORI), the affordability becomes a critical issue. This figure represents a significant portion of the average household's income, making it challenging for many residents to cover rent without substantial financial strain.
Comparatively, the Fair Market Rent (FMR) for the area, set at $1,530 for zip FY 2024, offers a slightly more manageable option for renters. This amount is still high but brings the cost of living closer to the median income level, reducing the burden on renters.
With 65.6% of the 13,519 population being renters, there is a notable demand for housing in this area. Yet, the affordability gap between the ZORI and FMR suggests that competition among landlords could be fierce, especially for those who accept Section 8 vouchers. The gap indicates that many potential tenants might struggle to pay the higher market rate, leading them to seek more affordable options, such as properties that accept vouchers.
For landlords, the decision to accept Section 8 vouchers versus relying on cash-paying tenants hinges on understanding the local market dynamics. Accepting vouchers can ensure steady rental income and reduce vacancy rates, given the high percentage of renters and the tight budget constraints many face. However, it also means accepting a lower rent payment of $1,530 compared to the market rate of $1,603. Landlords should weigh the benefits of guaranteed occupancy against the slightly reduced rental income. In ZIP 66219, the strategy should focus on diversifying the tenant mix to balance the need for higher returns with the reality of tenant affordability.
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.