Location: Atchison County, KS | Metro: Kansas City, MO-KS HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $810 | $71,615 | 1.13% | B |
| 2BR | $970 | $115,788 | 0.84% | C |
| 3BR | $1,340 | $194,618 | 0.69% | D |
| 4BR | $1,620 | $247,156 | 0.66% | D |
| 5BR | $1,879 | $331,919 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 66002 in Atchison, Kansas stands out due to its relatively low median home value compared to the national average. With a population of 13,276, 32.2% of residents are renters, indicating a modest demand for rental properties. The median income here is $61,364, which aligns well with the median home value of $166,788, suggesting that homeownership is attainable for many residents.
In terms of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 66002 in fiscal year 2024 is set at $1,050. This is significantly lower than the market rent, as measured by the Zillow Observed Rent Index (ZORI), which stands at $1,508. Landlords should be aware that accepting Section 8 vouchers will result in a lower rental income compared to market rates. However, the stability and predictability of government-backed rental assistance can offset the difference, providing a reliable stream of income.
The data signature for ZIP 66002 reads as stable, with no indicators of rapid change in population, income levels, or housing values. This stability can be advantageous for both landlords and small-portfolio investors, as it suggests a consistent environment for property management and investment. The gap between the FMR and market rent also implies that there is room for landlords to balance between accepting vouchers and attracting market-rate tenants, depending on their goals and the specific characteristics of their properties.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.