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 | $1,460 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,800 |
| 3 Bedrooms | $2,350 |
| 4 Bedrooms | $2,820 |
| 5 Bedrooms | $3,271 |
| 6 Bedrooms | $3,664 |
| 7 Bedrooms | $3,957 |
| 8 Bedrooms | $4,155 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,800 | $282,142 | 0.64% | D |
| 3BR | $2,350 | $356,562 | 0.66% | D |
| 4BR | $2,820 | $465,566 | 0.61% | D |
| 5BR | $3,271 | $729,084 | 0.45% | F |
U.S. Census Bureau data (2024)
1520 is the Fair Market Rent (FMR) for ZIP code 66053 in Louisburg, KS, for fiscal year 2024, indicating the maximum amount Section 8 participants can be charged for a two-bedroom rental unit. 1353 is the average market rent reported by the Census Bureau's American Community Survey, suggesting that properties priced at the FMR level remain competitive with local market rates. 401,402 is the median home value in the area, which is relatively stable and provides a good benchmark for property values when considering investment opportunities. 25.1 is the percentage of residents who are renters, highlighting a modest but present demand for rental housing in Louisburg. 89,096 is the median income for households in the region, a figure that landlords should consider when setting rents to ensure affordability for tenants while maintaining profitability.
The lack of available data on days on market (DOM) and the 0.2 percent price-cut share suggest that the rental market in Louisburg is not experiencing significant fluctuations or challenges in finding tenants. This stability can be beneficial for small-portfolio investors looking to minimize risk and maximize returns. When comparing the FMR of 1520 to the market rent of 1353, it becomes evident that Section 8 properties can command slightly higher rents without pricing out potential tenants.
Given these figures, the Section 8 program remains a viable option for landlords and investors in Louisburg, KS, as it aligns well with both market conditions and household incomes, ensuring steady occupancy and predictable cash flows. The verdict on Section 8 participation in ZIP 66053 is positive, offering a reliable tenant base and reasonable rental rates.
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.