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Johnson County/Shawnee/66218

66218

ZIPSAFMR
Johnson County, KS
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,760$1,600
1 BR$1,920$1,310
2 BR$2,170$1,900
3 BR$2,840$2,010
4 BR$3,400$2,970
5 BR$3,910Not available
6 BR$4,496Not available
7 BR$5,171Not available
8 BR$5,947Not available

Purchase Price Calculator

Maximum purchase price
$220,423

Cost breakdown

+Likely effective rent$1,900
HUD FMR$2,170
Market rentUsed$1,900
Est. payment standard (92%)$1,990
-Principal and interest-$1,115
Loan amount$176,338
Down payment$44,085
Rate6.50%
Term30 years
-Operating costs-$585
Property taxes-$220
Insurance-$175
Utilities$0
HOA$0
Management-$190
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,466(69.1% ROI)
Projected value
$237,371
Return breakdown
Property appreciation+$16,948
Loan principal paid down+$6,318
Rental cash flow+$7,200
5-year hold
+$52,232(118.5% ROI)
Projected value
$249,388
Return breakdown
Property appreciation+$28,965
Loan principal paid down+$11,266
Rental cash flow+$12,000
10-year hold
+$112,583(255.4% ROI)
Projected value
$282,160
Return breakdown
Property appreciation+$61,737
Loan principal paid down+$26,846
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.10
1 BR
1.47
2 BR
1.14
3 BR
1.41
4 BR
1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 66218 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66218 (Shawnee, KS) is $2,170 a month. That is up 13.0% from $1,920 in FY 2026. Shawnee 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, 66218 has the 5th-highest two-bedroom rent (county range $1,300–$2,320). The median county two-bedroom FMR in Kansas is $961, so ZIP 66218 is 126% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 66218
BedroomsFY 2027Change90–110% range
Studio$1,760+13.5%$1,584–$1,936
1BR$1,920+13.6%$1,728–$2,112
2BR$2,170+13.0%$1,953–$2,387
3BR$2,840+13.6%$2,556–$3,124
4BR$3,400+14.5%$3,060–$3,740

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 66218
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,760$1,920$2,170$2,840$3,400
FY 2026$1,550$1,690$1,920$2,500$2,970
FY 2025$1,570$1,730$1,970$2,570$3,040
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. 66218
66212$1,890−12.9%
66213$2,230+2.8%
66214$1,430−34.1%
66215$1,750−19.4%
66216$1,700−21.7%
66217$1,700−21.7%
66218Current$2,170—
66219$1,960−9.7%
66220$1,740−19.8%
66221$2,040−6.0%
66223$2,030−6.5%
66224$2,140−1.4%

Questions about ZIP 66218 rents

How much will Section 8 pay for a two-bedroom in ZIP 66218?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,170, that basic range is $1,953 to $2,387 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 66218 in?

ZIP 66218 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 66218 for FY 2027?

The two-bedroom FMR rose 13.0%, from $1,920 in FY 2026 to $2,170 in FY 2027. Since FY 2023 it has risen 24.0%.

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