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Johnson County/Olathe/66062

66062

ZIPSAFMR
Johnson County, KS
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,460$1,080
1 BR$1,590$1,170
2 BR$1,800$1,760
3 BR$2,350$2,020
4 BR$2,820$2,560
5 BR$3,243Not available
6 BR$3,729Not available
7 BR$4,289Not available
8 BR$4,932Not available

Purchase Price Calculator

Maximum purchase price
$199,619

Cost breakdown

+Likely effective rent$1,760
HUD FMR$1,800
Market rentUsed$1,760
Est. payment standard (99%)$1,770
-Principal and interest-$1,009
Loan amount$159,695
Down payment$39,924
Rate6.50%
Term30 years
-Operating costs-$551
Property taxes-$200
Insurance-$175
Utilities$0
HOA$0
Management-$176
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,270(70.8% ROI)
Projected value
$214,968
Return breakdown
Property appreciation+$15,349
Loan principal paid down+$5,721
Rental cash flow+$7,200
5-year hold
+$48,434(121.3% ROI)
Projected value
$225,850
Return breakdown
Property appreciation+$26,232
Loan principal paid down+$10,203
Rental cash flow+$12,000
10-year hold
+$104,222(261.1% ROI)
Projected value
$255,529
Return breakdown
Property appreciation+$55,910
Loan principal paid down+$24,312
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.35
1 BR
1.36
2 BR
1.02
3 BR
1.16
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 66062 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66062 (Olathe, KS) is $1,800 a month. That is up 15.4% from $1,560 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, 66062 has the 18th-highest two-bedroom rent (county range $1,300–$2,320). The median county two-bedroom FMR in Kansas is $961, so ZIP 66062 is 87% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 66062
BedroomsFY 2027Change90–110% range
Studio$1,460+15.9%$1,314–$1,606
1BR$1,590+15.2%$1,431–$1,749
2BR$1,800+15.4%$1,620–$1,980
3BR$2,350+15.8%$2,115–$2,585
4BR$2,820+16.5%$2,538–$3,102

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 66062
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,460$1,590$1,800$2,350$2,820
FY 2026$1,260$1,380$1,560$2,030$2,420
FY 2025$1,210$1,340$1,520$1,980$2,350
FY 2024$1,140$1,270$1,450$1,900$2,230
FY 2023$1,040$1,180$1,370$1,800$2,090

Two-bedroom rent in nearby Johnson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 66062
66018$1,390−22.8%
66021$1,540−14.4%
66025$1,560−13.3%
66030$1,650−8.3%
66031$1,550−13.9%
66051$1,740−3.3%
66061$1,480−17.8%
66062Current$1,800—
66063$1,740−3.3%
66083$1,380−23.3%
66085$1,970+9.4%
66106$1,300−27.8%

Questions about ZIP 66062 rents

How much will Section 8 pay for a two-bedroom in ZIP 66062?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,800, that basic range is $1,620 to $1,980 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 66062 in?

ZIP 66062 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 66062 for FY 2027?

The two-bedroom FMR rose 15.4%, from $1,560 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 31.4%.

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

County fair market rentOlathe, KS fair market rentKS statewide rentsWhat is SAFMR?Data sources