FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR
1.17ratio
FMR$1,366
Market$1,170
vs market+$196
FMR is above market; underwrite to market rent.
1.17
2 BR
2 BR
1.26ratio
FMR$1,546
Market$1,230
vs market+$316
FMR is above market; underwrite to market rent.
1.26
3 BR
3 BR
1.06ratio
FMR$2,020
Market$1,900
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR
1.10ratio
FMR$2,419
Market$2,200
vs market+$219
FMR is near market; voucher and private rents are aligned.
1.10
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
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ZIP 64199 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 64199 (Kansas City, MO) is $1,546 a month. That is up 13.8% from $1,358 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. The median county two-bedroom FMR in Missouri is $962, so ZIP 64199 is 61% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 64199
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,095
$1,257
+14.8%
$1,131–$1,383
1BR
$1,197
$1,366
+14.1%
$1,229–$1,503
2BR
$1,358
$1,546
+13.8%
$1,391–$1,701
3BR
$1,769
$2,020
+14.2%
$1,818–$2,222
4BR
$2,103
$2,419
+15.0%
$2,177–$2,661
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 64199
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,257
$1,366
$1,546
$2,020
$2,419
FY 2026
$1,095
$1,197
$1,358
$1,769
$2,103
FY 2025
$1,074
$1,183
$1,346
$1,756
$2,078
FY 2024
$985
$1,098
$1,258
$1,645
$1,931
FY 2023
$885
$1,002
$1,164
$1,530
$1,777
Questions about ZIP 64199 rents
How much will Section 8 pay for a two-bedroom in ZIP 64199?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,546, that basic range is $1,391 to $1,701 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 64199 in?
ZIP 64199 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 64199 for FY 2027?
The two-bedroom FMR rose 13.8%, from $1,358 in FY 2026 to $1,546 in FY 2027. Since FY 2023 it has risen 32.8%.
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 Fair Market Rents. 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