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 | $1,120 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,380 | $314,651 | 0.44% | F |
| 3BR | $1,800 | $371,658 | 0.48% | F |
| 4BR | $2,160 | $468,858 | 0.46% | F |
| 5BR | $2,506 | $567,908 | 0.44% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 66083 does not favor Section 8 tenants. The Fair Market Rent (FMR) for FY 2024 is set at $1240, which is significantly lower than the market rent of $2,402 as indicated by ZORI. This disparity means that landlords would receive less than half of the typical market rent if they opted to participate in the Section 8 program.
Acquisition in ZIP 66083 is moderately affordable. The median home value stands at $422,772, and homes typically remain on the market for only 20 days before selling. Furthermore, only 0.2% of homes are listed with a price cut, suggesting that the housing market is stable and not heavily discounted.
Tenant demand in ZIP 66083 is relatively low. With a total population of 13,011, only 17.9% are renters. This indicates that there is a limited pool of potential Section 8 tenants available, which could make it challenging to find occupants for properties accepting Section 8 vouchers.
In conclusion, ZIP 66083 presents a challenging environment for landlords interested in participating in the Section 8 program. The significant gap between the FMR and market rent makes the economics unfavorable, while the modest tenant demand suggests difficulty in filling units. Although property acquisition is affordable, the overall conditions do not strongly support Section 8 investments. Landlords should carefully consider these factors before deciding to accept Section 8 tenants in this area.
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.