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Jackson County/Kansas City/64138

64138

ZIPSAFMR
Jackson County, MO
Zillow

ZIP Investment Score

142High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,170$1,280
1 BR$1,270$1,140
2 BR$1,440$1,410
3 BR$1,880$1,630
4 BR$2,250$1,770
5 BR$2,588Not available
6 BR$2,976Not available
7 BR$3,422Not available
8 BR$3,935Not available

Purchase Price Calculator

Maximum purchase price
$147,609

Cost breakdown

+Likely effective rent$1,410
HUD FMR$1,440
Market rentUsed$1,410
Est. payment standard (99%)$1,420
-Principal and interest-$746
Loan amount$118,087
Down payment$29,522
Rate6.50%
Term30 years
-Operating costs-$464
Property taxes-$148
Insurance-$175
Utilities$0
HOA$0
Management-$141
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,781(77.2% ROI)
Projected value
$158,959
Return breakdown
Property appreciation+$11,350
Loan principal paid down+$4,231
Rental cash flow+$7,200
5-year hold
+$38,942(131.9% ROI)
Projected value
$167,006
Return breakdown
Property appreciation+$19,397
Loan principal paid down+$7,545
Rental cash flow+$12,000
10-year hold
+$83,320(282.2% ROI)
Projected value
$188,952
Return breakdown
Property appreciation+$41,343
Loan principal paid down+$17,977
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
1.11
2 BR
1.02
3 BR
1.15
4 BR
1.27
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 64138 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64138 (Kansas City, MO) is $1,440 a month. That is up 14.3% from $1,260 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, 64138 is tied for the 48th-highest two-bedroom rent (county range $980–$2,230). The median county two-bedroom FMR in Missouri is $962, so ZIP 64138 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 64138
BedroomsFY 2027Change90–110% range
Studio$1,170+14.7%$1,053–$1,287
1BR$1,270+14.4%$1,143–$1,397
2BR$1,440+14.3%$1,296–$1,584
3BR$1,880+14.6%$1,692–$2,068
4BR$2,250+15.4%$2,025–$2,475

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 64138
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,170$1,270$1,440$1,880$2,250
FY 2026$1,020$1,110$1,260$1,640$1,950
FY 2025$990$1,090$1,240$1,620$1,910
FY 2024$900$1,000$1,150$1,500$1,770
FY 2023$810$920$1,070$1,410$1,630

Two-bedroom rent in nearby Jackson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 64138
64130$1,340−6.9%
64131$1,460+1.4%
64132$1,380−4.2%
64133$1,490+3.5%
64134$1,610+11.8%
64136$1,670+16.0%
64137$1,430−0.7%
64138Current$1,440—
64139$2,120+47.2%
64141$1,480+2.8%
64145$1,880+30.6%
64146$2,130+47.9%

Questions about ZIP 64138 rents

How much will Section 8 pay for a two-bedroom in ZIP 64138?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,440, that basic range is $1,296 to $1,584 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 64138 in?

ZIP 64138 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 64138 for FY 2027?

The two-bedroom FMR rose 14.3%, from $1,260 in FY 2026 to $1,440 in FY 2027. Since FY 2023 it has risen 34.6%.

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