Location: Topeka, KS | Metro: Topeka, KS MSA
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 | $920 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $205,205 | 0.6% | D |
| 3BR | $1,650 | $268,641 | 0.61% | D |
| 4BR | $1,680 | $359,636 | 0.47% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) set at $930 for zip code 66070 in Ozawkie, KS, for fiscal year 2024, landlords can expect a clear benchmark for rental pricing. The Census ACS reports a market rent of $1,125, indicating that properties in this area can command a premium over the FMR, potentially leading to higher revenues for those who qualify their units. The median home value stands at $247,570, which is a significant figure for investors looking to enter or expand in the Ozawkie market. However, only 3.0% of the population are renters, suggesting a smaller pool of potential tenants compared to other areas. This low renter share might affect demand but also indicates a stable homeownership environment. The median income in the area is $85,714, which is above the national average and supports the ability of residents to pay higher rents. Unfortunately, the days on market (DOM) and the percentage of price-cut share are not available, making it difficult to assess the speed of property sales and the necessity of lowering asking prices. Despite these gaps in data, the high median home value and median income suggest a robust financial foundation for the local real estate market. For landlords considering Section 8 participation, the $930 FMR provides a solid floor for rental rates, ensuring steady cash flow while adhering to government standards. The verdict on Section 8 in Ozawkie, KS, is positive, given the strong economic indicators and the potential for stable long-term investments.
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.