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Johnson County/Overland Park/66207

66207

ZIPSAFMR
Johnson County, KS
Zillow

ZIP Investment Score

103Above average

095130300
BRFMR
Eff. Rent
0 BR$1,890$1,250
1 BR$2,050$1,300
2 BR$2,320$1,540
3 BR$3,030$2,470
4 BR$3,630$2,580
5 BR$4,175Not available
6 BR$4,801Not available
7 BR$5,521Not available
8 BR$6,349Not available

Purchase Price Calculator

Maximum purchase price
$166,927

Cost breakdown

+Likely effective rent$1,540
HUD FMR$2,320
Market rentUsed$1,540
Est. payment standard (90%)$2,090
-Principal and interest-$844
Loan amount$133,542
Down payment$33,385
Rate6.50%
Term30 years
-Operating costs-$496
Property taxes-$167
Insurance-$175
Utilities$0
HOA$0
Management-$154
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,820(74.3% ROI)
Projected value
$179,762
Return breakdown
Property appreciation+$12,835
Loan principal paid down+$4,784
Rental cash flow+$7,200
5-year hold
+$42,468(127.2% ROI)
Projected value
$188,862
Return breakdown
Property appreciation+$21,936
Loan principal paid down+$8,532
Rental cash flow+$12,000
10-year hold
+$91,084(272.8% ROI)
Projected value
$213,681
Return breakdown
Property appreciation+$46,754
Loan principal paid down+$20,330
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.51
1 BR
1.58
2 BR
1.51
3 BR
1.23
4 BR
1.41
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 66207 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66207 (Overland Park, KS) is $2,320 a month. That is up 13.7% from $2,040 in FY 2026. Overland Park 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, 66207 is tied for the highest two-bedroom rent (county range $1,300–$2,320). The median county two-bedroom FMR in Kansas is $961, so ZIP 66207 is 141% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 66207
BedroomsFY 2027Change90–110% range
Studio$1,890+14.5%$1,701–$2,079
1BR$2,050+13.9%$1,845–$2,255
2BR$2,320+13.7%$2,088–$2,552
3BR$3,030+13.9%$2,727–$3,333
4BR$3,630+14.9%$3,267–$3,993

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 66207
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,890$2,050$2,320$3,030$3,630
FY 2026$1,650$1,800$2,040$2,660$3,160
FY 2025$1,610$1,780$2,020$2,640$3,120
FY 2024$1,480$1,650$1,890$2,470$2,900
FY 2023$1,330$1,510$1,750$2,300$2,670

Two-bedroom rent in nearby Johnson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 66207
66201$1,740−25.0%
66202$1,550−33.2%
66203$1,540−33.6%
66204$1,660−28.4%
66205$2,070−10.8%
66206$2,3200.0%
66207Current$2,320—
66208$2,100−9.5%
66209$1,850−20.3%
66210$2,000−13.8%
66211$1,860−19.8%
66212$1,890−18.5%

Questions about ZIP 66207 rents

How much will Section 8 pay for a two-bedroom in ZIP 66207?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,320, that basic range is $2,088 to $2,552 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 66207 in?

ZIP 66207 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 66207 for FY 2027?

The two-bedroom FMR rose 13.7%, from $2,040 in FY 2026 to $2,320 in FY 2027. Since FY 2023 it has risen 32.6%.

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 rentOverland Park, KS fair market rentKS statewide rentsWhat is SAFMR?Data sources