Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
The ZIP code 66118 in Kansas City, KS stands out due to its unique characteristics. The area is part of Wyandotte County and has a population of only 25 individuals, indicating a very low density area with a population density of 125 people per square mile. The median household income and median home values are not available, suggesting that this ZIP code might have limited residential properties or an unusual demographic composition.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 66118 in fiscal year 2024 is set at $1160. This figure represents the maximum amount landlords can receive through the Section 8 program for rental units in this ZIP code. Given the lack of specific market data, it is difficult to compare the FMR directly to local rental rates; however, the low population suggests that rental demand may be minimal.
Based on the available data, ZIP 66118 appears to be a transitional area. The absence of median income and home value data indicates a potential lack of stable residential patterns. Landlords and small-portfolio investors should proceed with caution when considering this ZIP code for their investment strategies, as the low population and limited economic data suggest a need for further investigation into the specific dynamics of the local rental market.
Data Sources: FMR data from HUD (2027).
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.