FMR is near market; voucher and private rents are aligned.
1.06
0.700.800.901.001.101.201.30aligned 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 64147 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64147 (Kansas City, MO) is $1,530 a month. That is up 25.4% from $1,220 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, 64147 has the 29th-highest two-bedroom rent (county range $980–$2,230). The median county two-bedroom FMR in Missouri is $962, so ZIP 64147 is 59% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 64147
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$980
$1,240
+26.5%
$1,116–$1,364
1BR
$1,080
$1,350
+25.0%
$1,215–$1,485
2BR
$1,220
$1,530
+25.4%
$1,377–$1,683
3BR
$1,590
$2,000
+25.8%
$1,800–$2,200
4BR
$1,890
$2,390
+26.5%
$2,151–$2,629
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 64147
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,240
$1,350
$1,530
$2,000
$2,390
FY 2026
$980
$1,080
$1,220
$1,590
$1,890
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
How much will Section 8 pay for a two-bedroom in ZIP 64147?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,530, that basic range is $1,377 to $1,683 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 64147 in?
ZIP 64147 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 64147 for FY 2027?
The two-bedroom FMR rose 25.4%, from $1,220 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 64.5%.
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