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 | $1,060 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,150 | $153,779 | 0.75% | D |
| 2BR | $1,300 | $175,399 | 0.74% | D |
| 3BR | $1,700 | $231,308 | 0.73% | D |
| 4BR | $2,030 | $270,475 | 0.75% | D |
| 5BR | $2,355 | $295,924 | 0.8% | D |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1130 for ZIP 66106 in Kansas City, KS, in fiscal year 2024, landlords should be aware that the Zillow Observed Rental Index (ZORI) stands at $1,461, indicating a premium over the FMR for market-rate rentals. The median home value of $203,661 suggests a moderate housing market, where property values are stable but not excessively high. Renter share in the area is 31.7%, showing a significant portion of the population relies on rental properties, which is beneficial for landlords looking to maintain occupancy rates. Median income in the region is $61,331, providing insight into the financial capabilities of potential tenants. The average days on market (DOM) for listings is 28 days, suggesting a relatively quick turnover for rental properties. Additionally, the price-cut share of 0.2% indicates that few landlords need to reduce their asking prices to attract tenants, further supporting the stability of the rental market. Given these figures, the demand for affordable housing is evident, making the Section 8 program a viable option for landlords seeking consistent and reliable tenants. The verdict for Section 8 participation in ZIP 66106 is positive, as it aligns well with the local economic conditions and tenant demographics.
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.