FMR is near market; voucher and private rents are aligned.
1.10
3 BR
3 BR
1.14ratio
FMR$2,450
Market$2,140
vs market+$310
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR
1.13ratio
FMR$2,940
Market$2,610
vs market+$330
FMR is above market; underwrite to market rent.
1.13
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
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ZIP 66251 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66251 (Overland Park, KS) is $1,880 a month. That is up 12.6% from $1,670 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, 66251 has the 15th-highest two-bedroom rent (county range $1,300–$2,320). The median county two-bedroom FMR in Kansas is $961, so ZIP 66251 is 96% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 66251
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,350
$1,530
+13.3%
$1,377–$1,683
1BR
$1,470
$1,660
+12.9%
$1,494–$1,826
2BR
$1,670
$1,880
+12.6%
$1,692–$2,068
3BR
$2,170
$2,450
+12.9%
$2,205–$2,695
4BR
$2,580
$2,940
+14.0%
$2,646–$3,234
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 66251
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,530
$1,660
$1,880
$2,450
$2,940
FY 2026
$1,350
$1,470
$1,670
$2,170
$2,580
FY 2025
$1,320
$1,460
$1,660
$2,170
$2,560
FY 2024
$1,120
$1,250
$1,430
$1,870
$2,200
FY 2023area FMR
$885
$1,002
$1,164
$1,530
$1,777
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Johnson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 66251?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,880, that basic range is $1,692 to $2,068 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 66251 in?
ZIP 66251 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 66251 for FY 2027?
The two-bedroom FMR rose 12.6%, from $1,670 in FY 2026 to $1,880 in FY 2027. Since FY 2024 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