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Jackson County/Independence/64054

64054

ZIPSAFMR
Jackson County, MO
Zillow

ZIP Investment Score

127Above average

095130300
BRFMR
Eff. Rent
0 BR$1,190$770
1 BR$1,290$840
2 BR$1,460$1,070
3 BR$1,910$1,380
4 BR$2,280$1,500
5 BR$2,622Not available
6 BR$3,015Not available
7 BR$3,468Not available
8 BR$3,988Not available

Purchase Price Calculator

Maximum purchase price
$97,085

Cost breakdown

+Likely effective rent$1,070
HUD FMR$1,460
Market rentUsed$1,070
Est. payment standard (90%)$1,310
-Principal and interest-$491
Loan amount$77,668
Down payment$19,417
Rate6.50%
Term30 years
-Operating costs-$379
Property taxes-$97
Insurance-$175
Utilities$0
HOA$0
Management-$107
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,448(89.9% ROI)
Projected value
$104,550
Return breakdown
Property appreciation+$7,465
Loan principal paid down+$2,783
Rental cash flow+$7,200
5-year hold
+$29,720(153.1% ROI)
Projected value
$109,843
Return breakdown
Property appreciation+$12,758
Loan principal paid down+$4,962
Rental cash flow+$12,000
10-year hold
+$63,016(324.5% ROI)
Projected value
$124,277
Return breakdown
Property appreciation+$27,192
Loan principal paid down+$11,824
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.55
1 BR
1.54
2 BR
1.36
3 BR
1.38
4 BR
1.52
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 64054 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64054 (Independence, MO) is $1,460 a month. That is up 17.7% from $1,240 in FY 2026. Independence 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, 64054 is tied for the 46th-highest two-bedroom rent (county range $980–$2,230). The median county two-bedroom FMR in Missouri is $962, so ZIP 64054 is 52% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 64054
BedroomsFY 2027Change90–110% range
Studio$1,190+19.0%$1,071–$1,309
1BR$1,290+18.3%$1,161–$1,419
2BR$1,460+17.7%$1,314–$1,606
3BR$1,910+18.6%$1,719–$2,101
4BR$2,280+18.8%$2,052–$2,508

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 64054
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,190$1,290$1,460$1,910$2,280
FY 2026$1,000$1,090$1,240$1,610$1,920
FY 2025$980$1,080$1,230$1,600$1,900
FY 2024$880$980$1,120$1,460$1,720
FY 2023$750$840$980$1,290$1,500

Two-bedroom rent in nearby Jackson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 64054
64050$1,190−18.5%
64051$1,480+1.4%
64052$1,400−4.1%
64053$1,240−15.1%
64054Current$1,460—
64055$1,420−2.7%
64056$1,650+13.0%
64057$1,440−1.4%
64058$1,550+6.2%
64061$980−32.9%
64063$1,470+0.7%
64064$1,820+24.7%

Questions about ZIP 64054 rents

How much will Section 8 pay for a two-bedroom in ZIP 64054?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,460, that basic range is $1,314 to $1,606 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 64054 in?

ZIP 64054 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 64054 for FY 2027?

The two-bedroom FMR rose 17.7%, from $1,240 in FY 2026 to $1,460 in FY 2027. Since FY 2023 it has risen 49.0%.

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 rentIndependence, MO fair market rentMO statewide rentsWhat is SAFMR?Data sources