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64065

ZIPSAFMR
Jackson County, MO
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,550$1,150
1 BR$1,680$1,290
2 BR$1,910$1,480
3 BR$2,490$1,950
4 BR$2,990$2,310
5 BR$3,438Not available
6 BR$3,954Not available
7 BR$4,547Not available
8 BR$5,230Not available

Purchase Price Calculator

Maximum purchase price
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMR$1,910
Market rentUsed$1,480
Est. payment standard (90%)$1,720
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.35
1 BR
1.30
2 BR
1.29
3 BR
1.28
4 BR
1.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 64065 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64065 (Lees Summit, MO) is $1,910 a month. That is up 17.2% from $1,630 in FY 2026. Lees Summit 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, 64065 has the 8th-highest two-bedroom rent (county range $980–$2,230). The median county two-bedroom FMR in Missouri is $962, so ZIP 64065 is 99% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 64065
BedroomsFY 2027Change90–110% range
Studio$1,550+17.4%$1,395–$1,705
1BR$1,680+16.7%$1,512–$1,848
2BR$1,910+17.2%$1,719–$2,101
3BR$2,490+16.9%$2,241–$2,739
4BR$2,990+18.2%$2,691–$3,289

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 64065
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,550$1,680$1,910$2,490$2,990
FY 2026$1,320$1,440$1,630$2,130$2,530
FY 2025$1,240$1,370$1,560$2,030$2,400
FY 2024$800$910$1,050$1,380$1,600
FY 2023$690$790$930$1,230$1,420

Two-bedroom rent in nearby Jackson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 64065
64055$1,420−25.7%
64056$1,650−13.6%
64057$1,440−24.6%
64058$1,550−18.8%
64061$980−48.7%
64063$1,470−23.0%
64064$1,820−4.7%
64065Current$1,910—
64066$1,520−20.4%
64070$1,480−22.5%
64074$1,780−6.8%
64075$1,260−34.0%

Questions about ZIP 64065 rents

How much will Section 8 pay for a two-bedroom in ZIP 64065?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,910, that basic range is $1,719 to $2,101 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 64065 in?

ZIP 64065 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 64065 for FY 2027?

The two-bedroom FMR rose 17.2%, from $1,630 in FY 2026 to $1,910 in FY 2027. Since FY 2023 it has risen 105.4%.

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