Jackson County/Blue Springs/64015

64015

ZIPSAFMR

Jackson County, MO

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ZIP Investment Score

110Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,190	$1,260	7.8%
1 BR	$1,300	$1,080	7.0%
2 BR	$1,470	$1,180	6.4%
3 BR	$1,920	$1,890	6.3%
4 BR	$2,300	$2,210	7.1%
5 BR	$2,645	Not available	7.1%
6 BR	$3,042	Not available	7.1%
7 BR	$3,498	Not available	7.1%
8 BR	$4,023	Not available	7.1%

Purchase Price Calculator

Maximum purchase price

$113,431

Cost breakdown

+Likely effective rent$1,180

HUD FMR$1,470

Market rentUsed$1,180

Est. payment standard (90%)$1,320

-Principal and interest-$574

Loan amount$90,745

Down payment$22,686

Rate6.50%

Term30 years

-Operating costs-$406

Property taxes-$113

Insurance-$175

Utilities$0

HOA$0

Management-$118

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$19,173(84.5% ROI)

Projected value

$122,153

Return breakdown

Property appreciation+$8,722

Loan principal paid down+$3,251

Rental cash flow+$7,200

5-year hold

+$32,703(144.2% ROI)

Projected value

$128,337

Return breakdown

Property appreciation+$14,906

Loan principal paid down+$5,798

Rental cash flow+$12,000

10-year hold

+$69,585(306.7% ROI)

Projected value

$145,201

Return breakdown

Property appreciation+$31,770

Loan principal paid down+$13,815

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.92ratio

FMR$1,190

Market$1,290

vs market-$100

FMR is near market; voucher and private rents are aligned.

0.92

1 BR

1.20ratio

FMR$1,300

Market$1,080

vs market+$220

FMR is above market; underwrite to market rent.

1.20

2 BR

1.25ratio

FMR$1,470

Market$1,180

vs market+$290

FMR is above market; underwrite to market rent.

1.25

3 BR

1.02ratio

FMR$1,920

Market$1,890

vs market+$30

FMR is near market; voucher and private rents are aligned.

1.02

4 BR

1.04ratio

FMR$2,300

Market$2,210

vs market+$90

FMR is near market; voucher and private rents are aligned.

1.04

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 64015 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64015 (Blue Springs, MO) is $1,470 a month. That is up 13.1% from $1,300 in FY 2026. Blue Springs is in the Kansas City, MO-KS HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 70 ZIP codes in Jackson County, 64015 is tied for the 44th-highest two-bedroom rent (county range $980–$2,230). The median county two-bedroom FMR in Missouri is $962, so ZIP 64015 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 64015
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,050	$1,190	+13.3%	$1,071–$1,309
1BR	$1,150	$1,300	+13.0%	$1,170–$1,430
2BR	$1,300	$1,470	+13.1%	$1,323–$1,617
3BR	$1,690	$1,920	+13.6%	$1,728–$2,112
4BR	$2,010	$2,300	+14.4%	$2,070–$2,530

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 64015
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,190	$1,300	$1,470	$1,920	$2,300
FY 2026	$1,050	$1,150	$1,300	$1,690	$2,010
FY 2025	$1,040	$1,140	$1,300	$1,700	$2,010
FY 2024	$950	$1,060	$1,220	$1,600	$1,870
FY 2023	$870	$980	$1,140	$1,500	$1,740

Two-bedroom rent in nearby Jackson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 64015
64013	$1,480	+0.7%
64014	$1,650	+12.2%
64015Current	$1,470	—
64016	$1,270	−13.6%
64029	$1,710	+16.3%
64030	$1,310	−10.9%
64034	$2,230	+51.7%
64050	$1,190	−19.0%
64051	$1,480	+0.7%
64052	$1,400	−4.8%
64053	$1,240	−15.6%
64054	$1,460	−0.7%

Questions about ZIP 64015 rents

How much will Section 8 pay for a two-bedroom in ZIP 64015?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,470, that basic range is $1,323 to $1,617 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 64015 in?

ZIP 64015 is in the Kansas City, MO-KS HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 64015 for FY 2027?

The two-bedroom FMR rose 13.1%, from $1,300 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 28.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rent Blue Springs, MO fair market rent MO statewide rents What is SAFMR?Data sources