Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,230 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,510 | $321,142 | 0.47% | F |
| 3BR | $1,970 | $397,899 | 0.5% | F |
| 4BR | $2,360 | $505,204 | 0.47% | F |
| 5BR | $2,738 | $579,840 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 66007, located in Basehor, Kansas, stands out within Leavenworth County due to its unique demographic and economic profile. With a population of 10,150 residents, 16.8% of whom are renters, the area has a median income of $121,266, significantly higher than the national average. The median home value in ZIP 66007 is also notably high at $440,241, reflecting the relatively affluent nature of the community.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 66007 is set at $1,290 for the fiscal year 2024. This compares favorably to the Census American Community Survey (ACS) estimate of $1,245 for the market rent. Landlords and small-portfolio investors can leverage this difference to ensure that their rental properties remain competitive while still benefiting from the financial stability provided by Section 8 vouchers.
The data signature for ZIP 66007 reads as stable. Despite the relatively low percentage of renters, the high median income and home values indicate a strong local economy that supports both homeownership and rental housing. This stability is further reinforced by the close alignment between the FMR and market rent, suggesting that rental prices are reflective of the local economic conditions and are unlikely to experience significant fluctuations.
For landlords and investors looking to enter or expand within the Basehor rental market, the combination of a stable economy and favorable Section 8 voucher rates presents an attractive opportunity. The high median income suggests that tenants receiving vouchers are likely to be reliable, reducing the risk of non-payment. Additionally, the slight premium offered by the FMR over market rent can help offset any administrative burdens associated with participating in the Section 8 program.
To summarize, ZIP 66007 offers a stable environment for real estate investment, particularly for those interested in Section 8 rentals. With a median income of $121,266 and a median home value of $440,241, the area is well-positioned to support both homeowners and renters. The Section 8 FMR of $1,290 provides a slight advantage over the estimated market rent of $1,245, making it a viable option for property owners seeking steady returns with minimal risk.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.