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 | $1,380 |
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,700 | $375,943 | 0.45% | F |
| 3BR | $2,220 | $530,165 | 0.42% | F |
| 4BR | $2,660 | $622,079 | 0.43% | F |
| 5BR | $3,086 | $936,302 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 66217, located in Shawnee, Kansas, represents a significant opportunity for landlords and small-portfolio investors interested in attracting Section 8 tenants. With a population of 5,468, nearly half (46.7%) of the residents are renters, indicating a robust demand for rental properties. This high percentage of renters suggests that there is a substantial pool of potential tenants who may be utilizing housing vouchers.
The median household income in Shawnee is $93,651, which provides a benchmark for understanding the economic context of the area. The average market rent of $1,379 aligns closely with the Fair Market Rent (FMR) of $1,350 set for FY 2024. To contextualize the rent burden, $1,379 represents approximately 14.7% of the median household income. This figure is reasonable and indicates that most tenants can afford market rates without significant financial strain.
Given the strong rental market and the close alignment between market rents and the FMR, landlords in Shawnee can expect a steady stream of Section 8 tenants. These tenants will likely have their rent subsidized through the Housing Choice Voucher program, which caps rent at 30% of their adjusted income. Landlords should prepare to manage properties with a mix of market-rate and voucher-assisted tenants, ensuring compliance with HUD regulations and maintaining quality standards to attract and retain both types of renters.
In summary, ZIP 66217 offers a vibrant rental market with deep voucher demand, making it an attractive location for landlords and investors looking to serve a diverse tenant base. The economic conditions support a healthy balance between rental costs and household incomes, reducing the risk of vacancy and ensuring a stable income source for property owners.
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.