Location: Franklin County, KS | Metro: Anderson County, KS
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 | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,350 | $250,997 | 0.54% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 66080 are straightforward. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) for fiscal year 2026 is set at $950. This figure is specifically tailored for this ZIP code, ensuring it reflects the local rental market conditions accurately.
Under the Section 8 program, tenants contribute a portion of their income towards rent, typically around 30%. If we assume an average tenant income of $1,500 per month, their contribution would be $450. The remaining balance, which covers the difference between the tenant's payment and the SAFMR, is subsidized by the government. In this case, the subsidy would be $500 ($950 - $450).
Utility allowances vary but generally cover a significant portion of water, electricity, gas, and other essential services. For simplicity, let's say the allowance is $150 per month. This amount is added to the subsidy, making the total reimbursement from the government $650 ($500 + $150).
Therefore, a landlord in ZIP 66080 can expect a total monthly reimbursement of $1,100 for a two-bedroom apartment under the Section 8 program: $450 from the tenant and $650 from the government. This amount includes both the rent subsidy and the utility allowance.
Given that the local market rent is currently unavailable, it is crucial to compare the SAFMR to surrounding areas or historical data to determine if there is a surplus or a gap. However, based on the SAFMR alone, landlords receive a stable income that is guaranteed by the federal government, eliminating the risk of non-payment.
In conclusion, for a two-bedroom unit in ZIP 66080, the typical reimbursement gap or surplus cannot be determined without knowing the local market rent. Nonetheless, landlords can rely on receiving a consistent $1,100 per month, which includes both the tenant's contribution and the government subsidy plus utility allowance. This predictability can be advantageous for managing cash flow and investment returns.
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.