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 | $1,630 |
| 1 Bedroom | $1,770 |
| 2 Bedrooms | $2,000 |
| 3 Bedrooms | $2,610 |
| 4 Bedrooms | $3,130 |
| 5 Bedrooms | $3,631 |
| 6 Bedrooms | $4,067 |
| 7 Bedrooms | $4,392 |
| 8 Bedrooms | $4,612 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,000 | $232,087 | 0.86% | C |
| 3BR | $2,610 | $384,106 | 0.68% | D |
| 4BR | $3,130 | $494,832 | 0.63% | D |
| 5BR | $3,631 | $570,289 | 0.64% | D |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP code 66210, Overland Park, KS, in the Kansas City, MO-KS HUD Metro FMR Area for fiscal year 2024 is set at $1600. This figure closely aligns with the Zillow Observed Rent Index (ZORI), which stands at $1,610. Given these numbers, voucher tenants will generally cashflow at the FMR rate, making this area attractive for Section 8 investors.
To further analyze the market, consider the median home value in the area, which is $456,077. The rent-to-price ratio can be calculated by dividing the annual rent ($19,320) by the median home value, resulting in approximately 4.2%. This indicates that rental income is relatively low compared to property values, suggesting that the primary benefit for investors in this market lies in cashflow rather than appreciation or stability.
The market dynamics also show a strong favorability towards rental properties. With a median Days on Market (DOM) of just 4 days and a price-cut share of only 0.1%, it's evident that the rental market is highly active and competitive. This quick turnover and minimal need for price adjustments indicate that landlords can expect steady demand and little difficulty in finding and retaining tenants.
In conclusion, the strongest investor angle in ZIP code 66210 is cashflow, given the favorable alignment between HUD FMR and market rents, coupled with the high demand and quick turnover in the rental market. This makes it an ideal location for those seeking consistent and reliable rental income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.