FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR
0.86ratio
FMR$1,250
Market$1,450
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR
0.81ratio
FMR$1,410
Market$1,750
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR
0.88ratio
FMR$1,850
Market$2,100
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR
0.88ratio
FMR$2,210
Market$2,520
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.88
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 64164 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 64164 (Kansas City, MO) is $1,410 a month. That is up 16.5% from $1,210 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, 64164 has the 14th-highest two-bedroom rent (county range $1,030–$1,800). The median county two-bedroom FMR in Missouri is $962, so ZIP 64164 is 47% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 64164
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$980
$1,150
+17.3%
$1,035–$1,265
1BR
$1,070
$1,250
+16.8%
$1,125–$1,375
2BR
$1,210
$1,410
+16.5%
$1,269–$1,551
3BR
$1,580
$1,850
+17.1%
$1,665–$2,035
4BR
$1,880
$2,210
+17.6%
$1,989–$2,431
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 64164
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,150
$1,250
$1,410
$1,850
$2,210
FY 2026
$980
$1,070
$1,210
$1,580
$1,880
FY 2025
$940
$1,040
$1,180
$1,540
$1,820
FY 2024
$880
$990
$1,130
$1,470
$1,730
FY 2023
$790
$890
$1,040
$1,370
$1,580
Two-bedroom rent in nearby Platte County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 64164?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,410, that basic range is $1,269 to $1,551 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 64164 in?
ZIP 64164 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 64164 for FY 2027?
The two-bedroom FMR rose 16.5%, from $1,210 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 35.6%.
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