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Jackson County/Kansas City/64128

64128

ZIPSAFMR
Jackson County, MO
Zillow

ZIP Investment Score

152High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,020$1,010
1 BR$1,100$1,030
2 BR$1,250$1,110
3 BR$1,630$1,320
4 BR$1,960$1,500
5 BR$2,254Not available
6 BR$2,592Not available
7 BR$2,981Not available
8 BR$3,428Not available

Purchase Price Calculator

Maximum purchase price
$103,029

Cost breakdown

+Likely effective rent$1,110
HUD FMR$1,250
Market rentUsed$1,110
Est. payment standard (93%)$1,160
-Principal and interest-$521
Loan amount$82,423
Down payment$20,606
Rate6.50%
Term30 years
-Operating costs-$389
Property taxes-$103
Insurance-$175
Utilities$0
HOA$0
Management-$111
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,075(87.7% ROI)
Projected value
$110,951
Return breakdown
Property appreciation+$7,922
Loan principal paid down+$2,953
Rental cash flow+$7,200
5-year hold
+$30,805(149.5% ROI)
Projected value
$116,568
Return breakdown
Property appreciation+$13,539
Loan principal paid down+$5,266
Rental cash flow+$12,000
10-year hold
+$65,405(317.4% ROI)
Projected value
$131,886
Return breakdown
Property appreciation+$28,857
Loan principal paid down+$12,548
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
1.07
2 BR
1.13
3 BR
1.23
4 BR
1.31
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 64128 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64128 (Kansas City, MO) is $1,250 a month. That is up 15.7% from $1,080 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, 64128 has the 62nd-highest two-bedroom rent (county range $980–$2,230). The median county two-bedroom FMR in Missouri is $962, so ZIP 64128 is 30% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 64128
BedroomsFY 2027Change90–110% range
Studio$1,020+17.2%$918–$1,122
1BR$1,100+15.8%$990–$1,210
2BR$1,250+15.7%$1,125–$1,375
3BR$1,630+15.6%$1,467–$1,793
4BR$1,960+17.4%$1,764–$2,156

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 64128
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,100$1,250$1,630$1,960
FY 2026$870$950$1,080$1,410$1,670
FY 2025$890$990$1,140$1,490$1,740
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. 64128
64123$1,270+1.6%
64124$1,200−4.0%
64125$1,130−9.6%
64126$1,270+1.6%
64127$1,190−4.8%
64128Current$1,250—
64129$1,340+7.2%
64130$1,340+7.2%
64131$1,460+16.8%
64132$1,380+10.4%
64133$1,490+19.2%
64134$1,610+28.8%

Questions about ZIP 64128 rents

How much will Section 8 pay for a two-bedroom in ZIP 64128?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,250, that basic range is $1,125 to $1,375 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 64128 in?

ZIP 64128 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 64128 for FY 2027?

The two-bedroom FMR rose 15.7%, from $1,080 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 34.4%.

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

County fair market rentKansas City, MO fair market rentMO statewide rentsWhat is SAFMR?Data sources