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 | $1,110 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,370 | $225,057 | 0.61% | D |
| 3BR | $1,790 | $362,999 | 0.49% | F |
| 4BR | $2,140 | $471,171 | 0.45% | F |
| 5BR | $2,482 | $624,980 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 66071, located in Paola, Kansas, presents a market where dynamics suggest a balance leaning towards demand meeting supply. With a Fair Market Rent (FMR) set at $1050 for fiscal year 2024, and the actual market rent at $1,092 according to the latest Census American Community Survey (ACS), there's a slight premium landlords can charge over the subsidized rate. This indicates that the local rental market is slightly above the government's benchmark, which is often an indicator of stable demand.
The low price-cut share of 0.2% signals that landlords and property owners are generally able to maintain their asking prices without significant adjustments. This stability, coupled with the median home value of $369,788, suggests that the housing market is steady, with homeowners valuing their properties at consistent levels. The median home value also reflects the overall economic health of the area, indicating that while it's not a high-value region, it maintains a reasonable equilibrium between affordability and desirability.
A key factor in understanding the long-term housing pressure is the 22.4% renter share. This figure implies a moderate presence of renters in the market, which could indicate a mix of young professionals, students, or families who prefer renting due to the transient nature of their employment or lifestyle. A higher renter share often correlates with increased long-term housing pressure, as these individuals may eventually seek to purchase homes, driving up demand. However, the current snapshot does not show an overwhelming trend towards rising rents or home values, suggesting that the market is currently well-balanced.
The lack of specific data on days on the market (DOM) prevents a detailed analysis of how quickly properties are being sold or rented, but the other indicators point towards a market that is neither oversupplied nor experiencing a severe shortage. Landlords and small-portfolio investors should take note of the slight upward pressure on rents and the stable median home value, which together suggest a market that is moving in a positive direction, albeit slowly. These conditions provide a solid foundation for maintaining or slightly growing rental income without the need for drastic measures such as lowering prices or increasing vacancies.
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.