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 | $1,170 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,440 | $200,580 | 0.72% | D |
| 3BR | $1,880 | $238,536 | 0.79% | D |
| 4BR | $2,250 | $289,543 | 0.78% | D |
U.S. Census Bureau data (2024)
The ZIP code 66112 in Kansas City, KS, stands out within Wyandotte County due to its unique demographic and economic characteristics. With a population of 12,881 residents, it has a rental rate of 52.4%, indicating a significant portion of the community lives in rented properties. The median income in this area is $62,313, which is slightly above the national average but still manageable for many families. The median home value of $237,064 reflects a middle-range housing market, making it accessible for both renters and homeowners.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 66112 in fiscal year 2024 is set at $1,160. This is notably higher than the market rent, as measured by ZORI (Zillow Observed Rent Index), which is $1,061. This discrepancy suggests that landlords who accept Section 8 vouchers can potentially command rents above the typical market rate, thereby increasing their profitability. However, it also indicates that there might be a challenge in finding units available at the FMR level, as the market rent is lower.
When evaluating the overall stability of ZIP 66112, the data points towards a transitional phase rather than a stable environment. The relatively high rental rate and the difference between FMR and market rent suggest ongoing changes in the housing market dynamics. Landlords and small-portfolio investors should monitor these trends closely, considering the potential for shifts in demand and supply. They should also be prepared to adapt their investment strategies accordingly to capitalize on opportunities presented by the evolving market conditions.
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.