Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,410 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,740 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,720 |
| 5 Bedrooms | $3,155 |
| 6 Bedrooms | $3,534 |
| 7 Bedrooms | $3,817 |
| 8 Bedrooms | $4,008 |
The analysis of ZIP code 66285 within the Kansas City, MO-KS HUD Metro FMR area reveals several critical points for real estate investors interested in Section 8 properties.
The rent math does not work favorably for landlords. The Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1430. However, due to the lack of specific market rent data, it's impossible to directly compare these figures. This absence of comparative data suggests that landlords may face challenges in setting rents that are both competitive and compliant with FMR standards.
Regarding the affordability of acquisitions, the data is incomplete, with the median home value, days on market (DOM), and percentage of price cuts not specified. Without these details, landlords cannot accurately assess whether purchasing properties in this area will be financially viable. Typically, a lower median home value and shorter DOM indicate easier acquisition conditions, but this cannot be confirmed without the necessary data points.
Tenant demand in ZIP 66285 is also uncertain. The population and the percentage of renters are not provided, which are crucial metrics for understanding the potential pool of tenants. A higher percentage of renters usually signals a stronger demand for rental properties, but again, this cannot be determined without the relevant figures.
Verdict: Investment in ZIP 66285 under the Section 8 program is currently unadvisable due to the lack of comprehensive data. Landlords and small-portfolio investors need clear insights into market rents, median home values, days on market, price cut percentages, population, and renter shares to make informed decisions. Until these figures are available, the risks associated with uncertainty outweigh the potential benefits of investment in this area.
Data Sources: FMR data from HUD (2027).
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.