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Johnson County/Overland Park/66214

66214

ZIPSAFMR
Johnson County, KS
Zillow

ZIP Investment Score

103Above average

095130300
BRFMR
Eff. Rent
0 BR$1,160$1,170
1 BR$1,260$1,220
2 BR$1,430$1,530
3 BR$1,870$2,060
4 BR$2,240$2,390
5 BR$2,576Not available
6 BR$2,962Not available
7 BR$3,407Not available
8 BR$3,918Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,430
Market rent$1,590
Est. payment standard (107%)Used$1,530
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
1.03
2 BR
0.90
3 BR
0.86
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 66214 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66214 (Overland Park, KS) is $1,430 a month. That is up 16.3% from $1,230 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, 66214 has the 43rd-highest two-bedroom rent (county range $1,300–$2,320). The median county two-bedroom FMR in Kansas is $961, so ZIP 66214 is 49% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 66214
BedroomsFY 2027Change90–110% range
Studio$1,160+17.2%$1,044–$1,276
1BR$1,260+16.7%$1,134–$1,386
2BR$1,430+16.3%$1,287–$1,573
3BR$1,870+16.9%$1,683–$2,057
4BR$2,240+17.9%$2,016–$2,464

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 66214
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,260$1,430$1,870$2,240
FY 2026$990$1,080$1,230$1,600$1,900
FY 2025$970$1,070$1,220$1,590$1,880
FY 2024$890$1,000$1,140$1,490$1,750
FY 2023$810$920$1,070$1,410$1,630

Two-bedroom rent in nearby Johnson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 66214
66208$2,100+46.9%
66209$1,850+29.4%
66210$2,000+39.9%
66211$1,860+30.1%
66212$1,890+32.2%
66213$2,230+55.9%
66214Current$1,430—
66215$1,750+22.4%
66216$1,700+18.9%
66217$1,700+18.9%
66218$2,170+51.7%
66219$1,960+37.1%

Questions about ZIP 66214 rents

How much will Section 8 pay for a two-bedroom in ZIP 66214?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,430, that basic range is $1,287 to $1,573 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 66214 in?

ZIP 66214 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 66214 for FY 2027?

The two-bedroom FMR rose 16.3%, from $1,230 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 33.6%.

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