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 | $1,170 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,440 | $234,764 | 0.61% | D |
| 3BR | $1,880 | $335,780 | 0.56% | F |
| 4BR | $2,250 | $438,924 | 0.51% | F |
| 5BR | $2,610 | $576,081 | 0.45% | F |
U.S. Census Bureau data (2024)
The ZIP code 66012, located in Bonner Springs, Kansas, stands out within Wyandotte County due to its unique demographic and economic characteristics. With a population of 10,425, the area has a relatively low rental rate of 18.8%, indicating that the majority of residents prefer homeownership. This preference is further supported by the high median home value of $345,917, which is significantly above the national average. However, the median income of $97,873 suggests that while residents have substantial financial resources, they may still find rental assistance programs attractive.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 66012 in fiscal year 2024 is set at $1,260, which is notably higher than the Census-reported market rent of $1,165. This discrepancy means that landlords participating in the Section 8 program can potentially receive slightly higher rents compared to the local market rates, making the program more financially viable for property owners in this area. The FMR provides a buffer that can help cover maintenance costs and other expenses associated with rental properties.
The data signature for ZIP 66012 reads as stable. The consistent median home value and median income levels indicate a steady economic environment where residents are financially capable of sustaining their living standards. While the rental market is smaller, the slight premium offered by the Section 8 program can be an incentive for landlords to participate, ensuring a reliable stream of income and reducing vacancy rates. This stability is beneficial for both landlords and tenants, providing a predictable housing cost structure and secure living conditions.
To summarize, Bonner Springs, KS, represented by ZIP 66012, offers a stable environment for real estate investment. Its unique mix of a strong homeownership preference and a slightly elevated FMR compared to market rates makes it an attractive location for landlords considering the Section 8 program. The economic indicators suggest a balanced market where the program can effectively serve its purpose without causing significant disruption to the local housing economy.
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.