Section 8 Fair Market Rent (FMR) for ZIP 66211 - 2027

Location: Kansas City, MO | Metro: Kansas City, MO-KS HUD Metro FMR Area

Investment Score for ZIP 66211

Monthly Rent (2BR)

$1,860

Median Price (2BR)

$287,954

1% Rule

0.65%

Annual Yield

7.75%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,510
1 Bedroom	$1,640
2 Bedrooms	$1,860
3 Bedrooms	$2,430
4 Bedrooms	$2,910
5 Bedrooms	$3,376
6 Bedrooms	$3,781
7 Bedrooms	$4,083
8 Bedrooms	$4,287

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,640	$220,837	0.74%	D
2BR	$1,860	$287,954	0.65%	D
3BR	$2,430	$627,398	0.39%	F
4BR	$2,910	$1,053,532	0.28%	F
5BR	$3,376	$1,832,456	0.18%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,791

Median Household Income

$106,486

Housing Units

3,149

Renter Percentage

40.5%

Occupancy Rate

90.7%

Renter Occupied

1,158

Leawood, Kansas, located in ZIP code 66211, is a suburban area known for its affluent community and high quality of life. The real estate market here reflects these characteristics, with both rental and homeownership options commanding premium prices. Here's a concise breakdown of key metrics that inform investment decisions in this zip code:

The Fair Market Rent (FMR) for a two-bedroom apartment in Leawood for fiscal year 2024 is set at $1,600.
The Zillow Observed Rental Index (ZORI), which provides a snapshot of current market rents, indicates an average rent of $1,859 for similar units.
The median home value in Leawood stands at $790,080, showcasing the high-end nature of the housing market.
Renters make up 40.5% of the residential population, suggesting a significant demand for rental properties.
Median household income in Leawood is notably high at $106,486, indicating strong financial stability among residents.
The number of days on market (DOM) is listed as N/A, which could imply either very quick sales or limited recent activity in the rental market.

Investors considering Leawood, KS, should note the disparity between the government-set Fair Market Rent and the actual market rents, suggesting opportunities for higher returns. The substantial median home value points to a robust local economy, while the significant renter share signals ongoing demand for rental properties. High median incomes further support the viability of rental investments, though the lack of specific DOM data might require additional due diligence to assess how quickly properties are leased or sold. Overall, Leawood presents a promising market for those willing to invest in properties that can command above-average rents.

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.