64144

ZIPSAFMR

Clay County, MO

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,260	$990	8.4%
1 BR	$1,370	$1,050	7.6%
2 BR	$1,550	$1,300	7.1%
3 BR	$2,030	$2,060	7.2%
4 BR	$2,430	$2,370	8.0%
5 BR	$2,795	Not available	8.0%
6 BR	$3,214	Not available	8.0%
7 BR	$3,696	Not available	8.0%
8 BR	$4,250	Not available	8.0%

Purchase Price Calculator

Maximum purchase price

$131,263

Cost breakdown

+Likely effective rent$1,300

HUD FMR$1,550

Market rentUsed$1,300

Est. payment standard (90%)$1,400

-Principal and interest-$664

Loan amount$105,010

Down payment$26,253

Rate6.50%

Term30 years

-Operating costs-$436

Property taxes-$131

Insurance-$175

Utilities$0

HOA$0

Management-$130

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$21,055(80.2% ROI)

Projected value

$141,356

Return breakdown

Property appreciation+$10,093

Loan principal paid down+$3,762

Rental cash flow+$7,200

5-year hold

+$35,958(137.0% ROI)

Projected value

$148,512

Return breakdown

Property appreciation+$17,249

Loan principal paid down+$6,709

Rental cash flow+$12,000

10-year hold

+$76,751(292.4% ROI)

Projected value

$168,028

Return breakdown

Property appreciation+$36,765

Loan principal paid down+$15,987

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.27ratio

FMR$1,260

Market$990

vs market+$270

FMR is above market; underwrite to market rent.

1.27

1 BR

1.30ratio

FMR$1,370

Market$1,050

vs market+$320

FMR is above market; underwrite to market rent.

1.30

2 BR

1.19ratio

FMR$1,550

Market$1,300

vs market+$250

FMR is above market; underwrite to market rent.

1.19

3 BR

0.98ratio

FMR$2,030

Market$2,080

vs market-$50

FMR is near market; voucher and private rents are aligned.

0.98

4 BR

1.03ratio

FMR$2,430

Market$2,370

vs market+$60

FMR is near market; voucher and private rents are aligned.

1.03

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 64144 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64144 (Kansas City, MO) is $1,550 a month. That is up 14.0% from $1,360 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 29 ZIP codes in Clay County, 64144 is tied for the 14th-highest two-bedroom rent (county range $1,150–$2,320). The median county two-bedroom FMR in Missouri is $962, so ZIP 64144 is 61% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 64144
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,100	$1,260	+14.5%	$1,134–$1,386
1BR	$1,200	$1,370	+14.2%	$1,233–$1,507
2BR	$1,360	$1,550	+14.0%	$1,395–$1,705
3BR	$1,770	$2,030	+14.7%	$1,827–$2,233
4BR	$2,110	$2,430	+15.2%	$2,187–$2,673

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 64144
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,260	$1,370	$1,550	$2,030	$2,430
FY 2026	$1,100	$1,200	$1,360	$1,770	$2,110
FY 2025	$1,070	$1,180	$1,340	$1,750	$2,070
FY 2024	$990	$1,100	$1,260	$1,650	$1,930
FY 2023	$880	$1,000	$1,160	$1,520	$1,770

Two-bedroom rent in nearby Clay County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 64144
64144Current	$1,550	—
64150	$1,150	−25.8%
64151	$1,710	+10.3%
64154	$1,760	+13.5%
64155	$1,700	+9.7%
64156	$1,880	+21.3%
64157	$2,320	+49.7%
64158	$1,880	+21.3%
64161	$1,760	+13.5%
64165	$1,680	+8.4%
64166	$1,710	+10.3%
64167	$1,810	+16.8%

Questions about ZIP 64144 rents

How much will Section 8 pay for a two-bedroom in ZIP 64144?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,550, that basic range is $1,395 to $1,705 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 64144 in?

ZIP 64144 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 64144 for FY 2027?

The two-bedroom FMR rose 14.0%, from $1,360 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 33.6%.

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 rent Kansas City, MO fair market rent MO statewide rents What is SAFMR?Data sources