FY2027 Small Area FMR · Olathe, KS

ZIP 66062 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 66062 (Olathe, KS) is $1,800 a month, up 15.4% from FY2026. That is 16% above the Kansas City, MO-KS area-wide FMR of $1,546.

2-bedroom SAFMR$1,800per month ▲ 15.4%

Area-wide 2 BR FMR$1,546Kansas City, MO-KS

Rank in the area38thof 252 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,620

2 BR Small Area FMR$1,800

110% of SAFMR$1,980

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,460▲ 15.9%

1 BR$1,590▲ 15.2%

2 BR$1,800▲ 15.4%

3 BR$2,350▲ 15.8%

4 BR$2,820▲ 16.5%

FY2027 FY2026

Where 66062 sits in the Kansas City, MO-KS area

Of the 252 ZIP codes HUD lists for the area, 66062 has the 38th highest two-bedroom Small Area FMR. Kansas City, MO-KS is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,620 and $1,980 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,460	$1,314 – $1,606	$1,257	$1,260
1 bedroom	$1,590	$1,431 – $1,749	$1,366	$1,380
2 bedrooms	$1,800	$1,620 – $1,980	$1,546	$1,560
3 bedrooms	$2,350	$2,115 – $2,585	$2,020	$2,030
4 bedrooms	$2,820	$2,538 – $3,102	$2,419	$2,420

A household renting a two-bedroom home at the Small Area FMR of $1,800 needs about $72,000 a year to keep housing costs at 30% of income. The area median family income is $113,400 and the 80% low-income limit for four people is $90,700. ZIP code 66062 lies mainly in Johnson County. See the Kansas City, MO-KS metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
66221	Overland Park	4.2 mi	$2,040
66251	Overland Park	5.3 mi	$1,880
66213	Overland Park	5.8 mi	$2,230
66031	New Century	6.0 mi	$1,550
66223	Overland Park	6.2 mi	$2,030
66061	Olathe	6.8 mi	$1,480

Questions

What is the Fair Market Rent for ZIP code 66062?

HUD's FY2027 Small Area Fair Market Rents for 66062 are $1,460 (studio), $1,590 (1 BR), $1,800 (2 BR), $2,350 (3 BR) and $2,820 (4 BR) a month.

What is the Section 8 payment standard in 66062?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 66062 that range is $1,620 to $1,980 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 66062?

The FY2026 income limits of the Kansas City, MO-KS area apply: median family income $113,400, low-income (80%) limit $90,700 for a family of four.