Section 8 Fair Market Rent (FMR) for ZIP 65053 - 2027

Investment Score for ZIP 65053

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A skeptical investor looking into ZIP 65053 might have several concerns regarding the feasibility of investing in rental properties under the Section 8 program. Here's a straightforward analysis addressing those points:

• Will FMR $800 (zip FY 2024) cover the mortgage on a $426,793 home? The Fair Market Rent (FMR) for ZIP 65053 in fiscal year 2024 is set at $800 per month. To determine if this will cover the mortgage, we need to consider the typical interest rates and loan terms. Assuming a fixed-rate mortgage at an average rate of 4.5% over a 30-year term, the monthly mortgage payment on a $426,793 home would be approximately $2,100. This means that the FMR of $800 would not fully cover the mortgage. However, it's important to note that the property value does not solely dictate the mortgage amount; down payments and other factors can influence the actual loan amount and subsequent monthly payment.
• Is there enough renter demand at 9.3%? The percentage of renter-occupied units in ZIP 65053 stands at 9.3%. This figure might seem low, indicating a relatively smaller pool of potential renters. Yet, it's crucial to understand that the demand for affordable housing can still be significant even in areas with a lower percentage of renters. Moreover, the percentage alone doesn't provide a complete picture of the rental market dynamics. Other factors such as vacancy rates, local employment trends, and population growth should also be considered to gauge the true demand for rental properties.
• Will vouchers keep pace with $745 market rents? The market rent in ZIP 65053 is reported at $745, slightly below the FMR. The question of whether Housing Choice Vouchers (Section 8 vouchers) will keep up with market rents depends on the local administration's practices and funding. While the federal government sets guidelines, local agencies adjust voucher amounts based on local conditions. If the agency in charge of ZIP 65053 has historically kept voucher amounts close to the FMR, there is a good chance they will continue to do so. However, the data provided does not specify the exact voucher amounts, making it difficult to give a definitive answer. It's advisable to check with the local housing authority for more precise information on voucher trends.

The analysis above reveals that while the FMR of $800 might not fully cover the mortgage on a $426,793 home, it's essential to factor in other financial considerations. The 9.3% renter occupancy rate suggests a niche but potentially stable demand for rentals. Lastly, the adequacy of vouchers in keeping pace with market rents remains uncertain without specific local data, emphasizing the importance of further investigation into local housing policies.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.