Platte County/Kansas City/64154

64154

ZIPSAFMR

Platte County, MO

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ZIP Investment Score

96Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,430	$1,310	7.5%
1 BR	$1,550	$1,340	6.6%
2 BR	$1,760	$1,690	6.2%
3 BR	$2,300	$2,200	6.2%
4 BR	$2,750	$2,650	6.8%
5 BR	$3,162	Not available	6.8%
6 BR	$3,637	Not available	6.8%
7 BR	$4,182	Not available	6.8%
8 BR	$4,810	Not available	6.8%

Purchase Price Calculator

Maximum purchase price

$189,217

Cost breakdown

+Likely effective rent$1,690

HUD FMR$1,760

Market rentUsed$1,690

Est. payment standard (97%)$1,710

-Principal and interest-$957

Loan amount$151,373

Down payment$37,843

Rate6.50%

Term30 years

-Operating costs-$533

Property taxes-$189

Insurance-$175

Utilities$0

HOA$0

Management-$169

=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

+$27,172(71.8% ROI)

Projected value

$203,766

Return breakdown

Property appreciation+$14,549

Loan principal paid down+$5,423

Rental cash flow+$7,200

5-year hold

+$46,536(123.0% ROI)

Projected value

$214,081

Return breakdown

Property appreciation+$24,865

Loan principal paid down+$9,671

Rental cash flow+$12,000

10-year hold

+$100,042(264.4% ROI)

Projected value

$242,214

Return breakdown

Property appreciation+$52,997

Loan principal paid down+$23,045

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.09ratio

FMR$1,430

Market$1,310

vs market+$120

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

1.09

1 BR

1.16ratio

FMR$1,550

Market$1,340

vs market+$210

FMR is above market; underwrite to market rent.

1.16

2 BR

1.04ratio

FMR$1,760

Market$1,690

vs market+$70

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

1.04

3 BR

1.05ratio

FMR$2,300

Market$2,200

vs market+$100

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

1.05

4 BR

1.04ratio

FMR$2,750

Market$2,650

vs market+$100

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

1.04

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 64154 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64154 (Kansas City, MO) is $1,760 a month. That is up 12.8% from $1,560 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 23 ZIP codes in Platte County, 64154 has the 2nd-highest two-bedroom rent (county range $1,030–$1,800). The median county two-bedroom FMR in Missouri is $962, so ZIP 64154 is 83% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 64154
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,260	$1,430	+13.5%	$1,287–$1,573
1BR	$1,380	$1,550	+12.3%	$1,395–$1,705
2BR	$1,560	$1,760	+12.8%	$1,584–$1,936
3BR	$2,030	$2,300	+13.3%	$2,070–$2,530
4BR	$2,420	$2,750	+13.6%	$2,475–$3,025

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 64154
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,430	$1,550	$1,760	$2,300	$2,750
FY 2026	$1,260	$1,380	$1,560	$2,030	$2,420
FY 2025	$1,250	$1,370	$1,560	$2,040	$2,410
FY 2024	$1,150	$1,280	$1,470	$1,920	$2,260
FY 2023	$1,040	$1,180	$1,370	$1,800	$2,090

Two-bedroom rent in nearby Platte County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 64154
64118	$1,520	−13.6%
64133	$1,490	−15.3%
64150	$1,150	−34.7%
64151	$1,710	−2.8%
64152	$1,600	−9.1%
64153	$1,510	−14.2%
64154Current	$1,760	—
64155	$1,700	−3.4%
64163	$1,070	−39.2%
64164	$1,410	−19.9%
64168	$1,630	−7.4%
64190	$1,630	−7.4%

Questions about ZIP 64154 rents

How much will Section 8 pay for a two-bedroom in ZIP 64154?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,760, that basic range is $1,584 to $1,936 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 64154 in?

ZIP 64154 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 64154 for FY 2027?

The two-bedroom FMR rose 12.8%, from $1,560 in FY 2026 to $1,760 in FY 2027. Since FY 2023 it has risen 28.5%.

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

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