Section 8 Fair Market Rent (FMR) for ZIP 66213 - 2027

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

Investment Score for ZIP 66213

Monthly Rent (2BR)

$2,230

Median Price (2BR)

$352,045

1% Rule

0.63%

Annual Yield

7.6%

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	$1,810
1 Bedroom	$1,970
2 Bedrooms	$2,230
3 Bedrooms	$2,910
4 Bedrooms	$3,490
5 Bedrooms	$4,048
6 Bedrooms	$4,534
7 Bedrooms	$4,897
8 Bedrooms	$5,142

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
2BR	$2,230	$352,045	0.63%	D
3BR	$2,910	$471,502	0.62%	D
4BR	$3,490	$564,992	0.62%	D
5BR	$4,048	$665,480	0.61%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

30,539

Median Household Income

$117,706

Housing Units

13,974

Renter Percentage

45.3%

Occupancy Rate

95.5%

Renter Occupied

6,050

Overland Park, Kansas, specifically ZIP code 66213, is a thriving suburban area known for its excellent schools, low crime rates, and proximity to Kansas City. The region offers a mix of residential neighborhoods and commercial developments, making it an attractive location for both families and young professionals.

The Fair Market Rent (FMR) for ZIP 66213 is set at $1750 for fiscal year 2024, indicating a strong rental market that supports higher pricing.
The market rent, as measured by ZORI (Zillow Observed Rent Index), stands at $1,656, slightly below the FMR but still reflecting robust demand.
The median home value in the area is $558,656, suggesting a relatively affluent community where property values are likely to remain stable or increase.
Renters make up 45.3% of the population, showing a significant portion of residents who prefer leasing over homeownership, which is favorable for landlords.
The days on market (DOM) for rental listings is just 3 days, highlighting how quickly units can be filled in this area.
The median household income is $117,706, providing assurance that tenants can afford higher rents without financial strain.

Given the data points outlined above, Overland Park's ZIP 66213 presents a promising investment opportunity for landlords and small-portfolio investors. The high median income and substantial renter share indicate a strong ability to pay higher rents, while the low DOM suggests quick turnover and minimal vacancy periods. Although the ZORI is slightly lower than the FMR, the overall stability and growth potential of the area support setting competitive rental prices. Landlords can expect a reliable tenant base and steady returns on their investments in this vibrant community.

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.