Section 8 Fair Market Rent (FMR) for ZIP 65566 - 2027

Investment Score for ZIP 65566

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 at ZIP code 65566 might raise several concerns regarding the viability of investing in Section 8 properties. Let's delve into these objections and address them with the available data.

• Will FMR $890 (metro FY 2026) cover the mortgage on a $135,348 home? The Fair Market Rent (FMR) of $890 for ZIP 65566 does not directly indicate whether it will cover the mortgage payments on a home valued at $135,348. To determine if the FMR can cover mortgage costs, one must consider the prevailing interest rates and the loan term. Assuming a typical 30-year fixed-rate mortgage and an average interest rate, the monthly mortgage payment could be around $550-$650. This amount is generally lower than the FMR, suggesting that the rent collected could potentially cover the mortgage and provide some buffer for maintenance and other expenses. However, it's important to note that property taxes, insurance, and other costs also need to be factored in to ensure profitability.
• Is there enough renter demand at 19.7%? At 19.7%, the rental demand in ZIP 65566 is relatively low compared to national averages. This percentage indicates the proportion of households that rent their homes rather than own them. A lower rental rate might suggest less competition among renters but also fewer potential tenants. Landlords should consider the local job market and demographic trends to gauge future demand. Additionally, the presence of institutions such as universities or military bases can significantly impact the rental market. Without specific data on these factors, the conclusion is that while demand is not overwhelming, it still exists and should be monitored for changes.
• Will vouchers keep pace with $514 market rents? The Housing Choice Voucher program aims to cover a significant portion of market rents, typically up to 40% of the area median income (AMI). With market rents at $514, the question becomes whether voucher amounts will adjust accordingly. Historically, voucher amounts have increased annually, often keeping pace with inflation and local cost-of-living adjustments. However, the exact figure for voucher amounts in ZIP 65566 is not provided here. If the voucher amount is close to or exceeds $514, landlords can expect stable income. If not, they may face challenges in attracting tenants or maintaining occupancy levels. It's crucial for investors to stay informed about local HUD announcements and budget allocations to predict future trends accurately.

The data provides a snapshot of the financial landscape in ZIP 65566 but leaves room for further analysis. Investors should look beyond these figures to understand the broader economic context and plan accordingly.

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.