ZIP 64024 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 64024 in the Kansas City, MO-KS FMR area.

$1,010Efficiency
$1,1001 bedroom
$1,2402 bedrooms
$1,6203 bedrooms
$1,9404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,010$909$1,111$1,257
1 bedroom$1,100$990$1,210$1,366
2 bedrooms$1,240$1,116$1,364$1,546
3 bedrooms$1,620$1,458$1,782$2,020
4 bedrooms$1,940$1,746$2,134$2,419

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 64024

$62,589average adjusted gross income per tax return (2022)
$46,225average salaries and wages per return
7,350tax returns filed
24%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00028.6%
$25,000 to $50,00025.7%
$50,000 to $75,00015.9%
$75,000 to $100,00011.7%
$100,000 to $200,00015.5%
$200,000 or more2.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 64024?

HUD's FY2027 Small Area FMRs for ZIP 64024 (Kansas City, MO-KS) are $1,010 efficiency, $1,100 one bedroom, $1,240 two bedrooms, $1,620 three and $1,940 four bedrooms.

What payment standard can a housing authority set in ZIP 64024?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,116 to $1,364.

How affordable is rent in ZIP 64024?

Tax returns filed from ZIP 64024 reported an average adjusted gross income of $62,589 (2022). A two-bedroom unit at the Small Area FMR costs $14,880 a year, or 24% of that income.