For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64120 (Kansas City, MO) is $2,090 a month. That is up 35.7% from $1,540 in FY 2026. Kansas City 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, 64120 has the 7th-highest two-bedroom rent (county range $980–$2,230). The median county two-bedroom FMR in Missouri is $962, so ZIP 64120 is 117% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 64120
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,240
$1,700
+37.1%
$1,530–$1,870
1BR
$1,360
$1,850
+36.0%
$1,665–$2,035
2BR
$1,540
$2,090
+35.7%
$1,881–$2,299
3BR
$2,010
$2,730
+35.8%
$2,457–$3,003
4BR
$2,380
$3,270
+37.4%
$2,943–$3,597
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 64120
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,700
$1,850
$2,090
$2,730
$3,270
FY 2026
$1,240
$1,360
$1,540
$2,010
$2,380
FY 2025
$1,000
$1,100
$1,250
$1,630
$1,930
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
How much will Section 8 pay for a two-bedroom in ZIP 64120?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,090, that basic range is $1,881 to $2,299 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 64120 in?
ZIP 64120 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 64120 for FY 2027?
The two-bedroom FMR rose 35.7%, from $1,540 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 124.7%.
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