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 | $910 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $120,728 | 0.93% | C |
U.S. Census Bureau data (2024)
The market in ZIP 66105, Kansas City, KS, is characterized by a strong rental presence, with a significant 44.1% of residents being renters. This high percentage suggests a consistent demand for rental properties, indicative of long-term housing pressure. The Fair Market Rent (FMR) for the area, set at $1050 for fiscal year 2024, exceeds the market rent reported by the Census ACS at $910. This gap between FMR and market rent points towards potential upward pressure on rents, as the FMR is designed to reflect the true cost of renting in the area.
The median home value in ZIP 66105 stands at $125,419. While this figure provides insight into the overall property values, it's important to note that the lack of specific data on price-cut shares and days on market (DOM) makes it challenging to definitively state whether supply currently outpaces demand or vice versa. However, the relatively low market rent compared to the FMR suggests that there might be an opportunity for landlords and small-portfolio investors to increase their rental income without significantly deterring tenants.
A higher renter share often correlates with a diverse population mix, including students, young professionals, and families who may prefer renting due to the flexibility it offers. In ZIP 66105, this dynamic supports the notion that rental properties will continue to be sought after, creating a stable environment for those invested in the rental market.
In summary, ZIP 66105 presents itself as a market with a substantial rental component, suggesting ongoing housing pressure that favors demand over supply. The disparity between the FMR and the current market rent indicates a potential for rental growth, which could be beneficial for landlords and small-portfolio investors looking to capitalize on these dynamics.
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.