FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR
1.06ratio
FMR$2,270
Market$2,140
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR
1.04ratio
FMR$2,720
Market$2,610
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.04
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 66051 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66051 (Olathe, KS) is $1,740 a month. That is up 13.7% from $1,530 in FY 2026. Olathe is in the Kansas City, MO-KS HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 46 ZIP codes in Johnson County, 66051 is tied for the 20th-highest two-bedroom rent (county range $1,300–$2,320). The median county two-bedroom FMR in Kansas is $961, so ZIP 66051 is 81% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 66051
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,230
$1,410
+14.6%
$1,269–$1,551
1BR
$1,350
$1,540
+14.1%
$1,386–$1,694
2BR
$1,530
$1,740
+13.7%
$1,566–$1,914
3BR
$1,990
$2,270
+14.1%
$2,043–$2,497
4BR
$2,370
$2,720
+14.8%
$2,448–$2,992
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 66051
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,410
$1,540
$1,740
$2,270
$2,720
FY 2026
$1,230
$1,350
$1,530
$1,990
$2,370
FY 2025
$1,210
$1,340
$1,520
$1,980
$2,350
FY 2024
$1,120
$1,250
$1,430
$1,870
$2,200
FY 2023
$1,000
$1,140
$1,320
$1,740
$2,010
Two-bedroom rent in nearby Johnson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 66051?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,740, that basic range is $1,566 to $1,914 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 66051 in?
ZIP 66051 is in the Kansas City, MO-KS HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 66051 for FY 2027?
The two-bedroom FMR rose 13.7%, from $1,530 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 31.8%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set