Location: Franklin County, KS | Metro: Kansas City, MO-KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 66079, located within the Franklin County, KS metro, presents an interesting profile when compared to typical ZIP codes in the same county. With a Fair Market Rent (FMR) set at $1,160 for fiscal year 2024, it exceeds the average market rent of $1,063. This suggests that 66079 is likely a higher-rent area within the county, potentially attracting tenants who can afford slightly above-average rents.
The median home value in 66079 stands at $351,296, which is indicative of a neighborhood that is neither at the bottom nor the top end of the housing market spectrum. This places it in a mid-tier position among the ZIP codes in Franklin County, suggesting that property owners here might find a balanced market where homes are valued fairly but not at premium rates.
The renter share in 66079 is 13.3%, which is lower than what might be expected in a typical Section 8 sweet spot. Usually, a high renter share coupled with below-average home values signals a prime location for landlords participating in the Section 8 program. However, in this case, the home values are above average, which means that while there is a reasonable number of renters, it doesn't necessarily indicate a strong Section 8 presence or a value pocket.
To conclude, 66079 appears to be a mid-tier neighborhood within the Franklin County, KS metro. It offers rents that are slightly above the county average, making it a decent option for landlords looking for a moderate increase in rental income. The home values suggest that it's not a particularly affordable area for potential buyers, and the renter share doesn't point to a significant concentration of Section 8 participants. Landlords and small-portfolio investors should consider this ZIP code as a stable investment opportunity, rather than a high-value or premium market.
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.