Section 8 Fair Market Rent (FMR) for ZIP 65541 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$770
2 Bedrooms	$990
3 Bedrooms	$1,230
4 Bedrooms	$1,460
5 Bedrooms	$1,694
6 Bedrooms	$1,897
7 Bedrooms	$2,049
8 Bedrooms	$2,151

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

To determine if you should buy in ZIP 65541 for Section 8 purposes, follow this decision tree based on the provided data:

1. Does FMR $900 (metro FY 2026) clear debt service on a property?

If your answer is yes, proceed to the next question. If no, purchasing in this area is not advisable under Section 8 guidelines, as the Fair Market Rent (FMR) does not cover the costs associated with owning a property.

2. Is market rent above, at, or below FMR?

If market rent is above FMR, then it is not suitable for Section 8 tenants, as the program is designed to help low-income families afford housing. If market rent is at or below FMR, continue to the next step.

3. Are 9.8% renters and N/A-day Days on Market (DOM) enough demand?

If the percentage of renters is 9.8%, this indicates a relatively low demand for rental properties in ZIP 65541. The Days on Market figure would provide insight into how quickly properties are rented out. If DOM is high, it suggests that finding tenants might be challenging, even if the rents are within the FMR range. A low DOM would imply that there is sufficient demand for rental properties.

Decision outcomes:

• If FMR does not cover debt service and market rent is above FMR, the answer is No. This area is not financially viable for Section 8 investments.
• If FMR covers debt service and market rent is at or below FMR, but DOM is high, the answer is It Depends. While the financials might work, the high DOM could indicate difficulty in filling vacancies, which can affect cash flow and profitability.
• If FMR covers debt service, market rent is at or below FMR, and DOM is low, the answer is Yes. This scenario suggests that the investment aligns well with Section 8 guidelines and there is enough demand to ensure occupancy.

Note: The specific dollar figures for market rent and exact DOM were not provided, so these must be verified through local real estate listings or reports to make an informed decision.

Data Sources: FMR data from HUD (2027). 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.