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 | $1,890 |
| 1 Bedroom | $2,050 |
| 2 Bedrooms | $2,320 |
| 3 Bedrooms | $3,030 |
| 4 Bedrooms | $3,630 |
| 5 Bedrooms | $4,211 |
| 6 Bedrooms | $4,716 |
| 7 Bedrooms | $5,093 |
| 8 Bedrooms | $5,348 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,320 | $274,157 | 0.85% | C |
| 3BR | $3,030 | $420,365 | 0.72% | D |
| 4BR | $3,630 | $598,640 | 0.61% | D |
| 5BR | $4,211 | $912,663 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 66207 in Overland Park, KS, is not predominantly a renter-heavy area, given that only 21.6% of the population are renters. This suggests a relatively smaller pool of potential Section 8 tenants compared to areas with higher percentages of renters. With a population of 15,739, the median household income stands at $125,153, which is significantly above the national average.
The market rent in this area is $2,149, representing approximately 17.2% of the median household income. This indicates that while rent is not prohibitively expensive relative to income, it still consumes a considerable portion of the average household's earnings. The Fair Market Rent (FMR) for the area, set at $1,890 for FY 2024, is lower than the market rent, suggesting that landlords might face some challenges in attracting tenants who rely solely on vouchers.
A comparison between the market rent and the FMR reveals that the market rent is about 13.7% higher than the FMR. This gap could make it difficult for landlords to find tenants willing to pay the difference between the voucher amount and the market rate. As such, landlords in ZIP 66207 should anticipate a tenant pool that either has additional income sources beyond their vouchers or is willing to contribute a portion of the rent themselves.
In summary, landlords in Overland Park, KS, should prepare for a tenant profile that includes individuals or families who may have a mix of income sources, including but not limited to Section 8 vouchers. These tenants will likely need to supplement the voucher amount to meet the market rent of $2,149, given the FMR is $1,890. The expectation is for a moderate demand for Section 8 vouchers, balanced against the high median income and relatively low percentage of renters in the area.
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.