FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR
0.99ratio
FMR$1,250
Market$1,260
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR
1.18ratio
FMR$1,420
Market$1,200
vs market+$220
FMR is above market; underwrite to market rent.
1.18
3 BR
3 BR
1.29ratio
FMR$1,860
Market$1,440
vs market+$420
FMR is above market; underwrite to market rent.
1.29
4 BR
4 BR
1.36ratio
FMR$2,220
Market$1,630
vs market+$590
FMR is above market; underwrite to market rent.
1.36
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 66118 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66118 (Kansas City, KS) is $1,420 a month. That is up 13.6% from $1,250 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 20 ZIP codes in Wyandotte County, 66118 is tied for the 9th-highest two-bedroom rent (county range $1,120–$2,100). The median county two-bedroom FMR in Kansas is $961, so ZIP 66118 is 48% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 66118
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$1,150
+13.9%
$1,035–$1,265
1BR
$1,100
$1,250
+13.6%
$1,125–$1,375
2BR
$1,250
$1,420
+13.6%
$1,278–$1,562
3BR
$1,630
$1,860
+14.1%
$1,674–$2,046
4BR
$1,940
$2,220
+14.4%
$1,998–$2,442
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 66118
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,150
$1,250
$1,420
$1,860
$2,220
FY 2026
$1,010
$1,100
$1,250
$1,630
$1,940
FY 2025
$990
$1,090
$1,240
$1,620
$1,910
FY 2024
$910
$1,010
$1,160
$1,520
$1,780
FY 2023
$820
$930
$1,080
$1,420
$1,650
Two-bedroom rent in nearby Wyandotte County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 66118?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,420, that basic range is $1,278 to $1,562 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 66118 in?
ZIP 66118 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 66118 for FY 2027?
The two-bedroom FMR rose 13.6%, from $1,250 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has risen 31.5%.
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