Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,410 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,740 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,720 |
| 5 Bedrooms | $3,155 |
| 6 Bedrooms | $3,534 |
| 7 Bedrooms | $3,817 |
| 8 Bedrooms | $4,008 |
ZIP code 66201, located within the Kansas City, MO-KS HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1430 for fiscal year 2024. This figure places it squarely within the range of typical FMRs found across other ZIP codes in the Kansas City metropolitan area. However, given that the market rent, home value, and renter share percentages are not available for 66201, we must rely on the FMR alone to make inferences about its market position.
The FMR of $1430 suggests that 66201 could be considered a mid-tier neighborhood within the broader Kansas City metro area. Mid-tier neighborhoods typically offer a balance between affordability and location desirability, making them attractive to a wide range of renters including those participating in Section 8 programs.
Without specific data on market rent and home values, it's challenging to definitively categorize 66201 as either a value pocket or a premium sub-market. A value pocket would typically have below-average home values and a higher-than-average renter share, indicating a sweet spot for Section 8 participants. Conversely, a premium sub-market would likely have above-average home values and rents, attracting higher-income tenants.
To determine if 66201 is a Section 8 sweet spot, we would need to know the percentage of its residents who are renters. If this percentage were notably higher than the average for the Kansas City metro area, combined with the FMR being lower than typical market rents, it would indicate a strong potential for being a value pocket where Section 8 vouchers can cover a larger portion of the rental market.
In conclusion, based on the FMR of $1430, ZIP 66201 appears to be a mid-tier neighborhood within the Kansas City, MO-KS HUD Metro FMR Area. To accurately assess its status as a value pocket or premium sub-market, additional data on market rent, home values, and renter share percentages would be necessary.
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.