Johnson County/Kansas City/66106

66106

ZIPSAFMR

Johnson County, KS

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ZIP Investment Score

135High yield potential

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,060	$1,040	6.4%
1 BR	$1,150	$1,070	5.1%
2 BR	$1,300	$1,300	4.8%
3 BR	$1,700	$1,810	4.7%
4 BR	$2,030	$2,110	5.5%
5 BR	$2,335	Not available	5.5%
6 BR	$2,685	Not available	5.5%
7 BR	$3,087	Not available	5.5%
8 BR	$3,550	Not available	5.5%

Purchase Price Calculator

Maximum purchase price

$131,263

Cost breakdown

+Likely effective rent$1,300

HUD FMR$1,300

Market rent$1,300

Est. payment standard (100%)Used$1,300

-Principal and interest-$664

Loan amount$105,010

Down payment$26,253

Rate6.50%

Term30 years

-Operating costs-$436

Property taxes-$131

Insurance-$175

Utilities$0

HOA$0

Management-$130

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$21,055(80.2% ROI)

Projected value

$141,356

Return breakdown

Property appreciation+$10,093

Loan principal paid down+$3,762

Rental cash flow+$7,200

5-year hold

+$35,958(137.0% ROI)

Projected value

$148,512

Return breakdown

Property appreciation+$17,249

Loan principal paid down+$6,709

Rental cash flow+$12,000

10-year hold

+$76,751(292.4% ROI)

Projected value

$168,028

Return breakdown

Property appreciation+$36,765

Loan principal paid down+$15,987

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.02ratio

FMR$1,060

Market$1,040

vs market+$20

FMR is near market; voucher and private rents are aligned.

1.02

1 BR

1.07ratio

FMR$1,150

Market$1,070

vs market+$80

FMR is near market; voucher and private rents are aligned.

1.07

2 BR

1.00ratio

FMR$1,300

Market$1,300

vs market+$0

FMR is near market; voucher and private rents are aligned.

1.00

3 BR

0.91ratio

FMR$1,700

Market$1,870

vs market-$170

FMR is near market; voucher and private rents are aligned.

0.91

4 BR

0.94ratio

FMR$2,030

Market$2,150

vs market-$120

FMR is near market; voucher and private rents are aligned.

0.94

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: --

ZIP 66106 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66106 (Kansas City, KS) is $1,300 a month. That is up 10.2% from $1,180 in FY 2026. Kansas City 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, 66106 has the 46th-highest two-bedroom rent (county range $1,300–$2,320). The median county two-bedroom FMR in Kansas is $961, so ZIP 66106 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 66106
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$950	$1,060	+11.6%	$954–$1,166
1BR	$1,040	$1,150	+10.6%	$1,035–$1,265
2BR	$1,180	$1,300	+10.2%	$1,170–$1,430
3BR	$1,540	$1,700	+10.4%	$1,530–$1,870
4BR	$1,830	$2,030	+10.9%	$1,827–$2,233

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 66106
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,060	$1,150	$1,300	$1,700	$2,030
FY 2026	$950	$1,040	$1,180	$1,540	$1,830
FY 2025	$940	$1,040	$1,180	$1,540	$1,820
FY 2024	$880	$990	$1,130	$1,480	$1,730
FY 2023	$810	$910	$1,060	$1,390	$1,620

Two-bedroom rent in nearby Johnson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 66106
66018	$1,390	+6.9%
66021	$1,540	+18.5%
66025	$1,560	+20.0%
66030	$1,650	+26.9%
66031	$1,550	+19.2%
66051	$1,740	+33.8%
66061	$1,480	+13.8%
66062	$1,800	+38.5%
66063	$1,740	+33.8%
66083	$1,380	+6.2%
66085	$1,970	+51.5%
66106Current	$1,300	—

Questions about ZIP 66106 rents

How much will Section 8 pay for a two-bedroom in ZIP 66106?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,300, that basic range is $1,170 to $1,430 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 66106 in?

ZIP 66106 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 66106 for FY 2027?

The two-bedroom FMR rose 10.2%, from $1,180 in FY 2026 to $1,300 in FY 2027. Since FY 2023 it has risen 22.6%.

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 rent Kansas City, KS fair market rent KS statewide rents What is SAFMR?Data sources