Location: Nemaha County, KS | Metro: Marshall County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
To understand how Section 8 economics work in ZIP 66404, it's essential to know the specific figures involved. For fiscal year 2026, the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code is set at $1,000. This figure represents the maximum amount that the housing authority will pay to landlords who participate in the program.
The SAFMR is calculated based on local rental market conditions, ensuring that the rates reflect the actual costs of renting in the area. However, the local market rent for similar units is currently listed as N/A, which suggests that there might be limited data available for comparison. Typically, landlords should expect the tenant to contribute approximately 30% of their income towards rent, which is a standard requirement under the Section 8 program.
A voucher payment is composed of two parts: the tenant's contribution and the subsidy provided by the government. The subsidy covers the difference between the tenant's contribution and the SAFMR. If the tenant's share is below $1,000, the government will make up the shortfall to ensure the total rent paid does not exceed the SAFMR.
Utility allowances can vary but are generally included in the overall calculation. These allowances are designed to help cover the cost of utilities and are added to the rent subsidy if the tenant's utility costs are higher than their contribution.
In ZIP 66404, the typical reimbursement gap or surplus for a two-bedroom unit would be determined by comparing the SAFMR to the local market rent. Given the lack of data on the local market rent, it's impossible to provide an exact figure for the reimbursement gap or surplus. However, if the local market rent were lower than $1,000, landlords would receive the full SAFMR amount, resulting in a surplus. Conversely, if the local market rent exceeds $1,000, landlords would face a gap, receiving less than they might charge a non-voucher tenant.
Landlords must carefully consider these economic factors when deciding whether to accept Section 8 vouchers. While the program provides a guaranteed rent payment, it caps the amount that can be charged, potentially leading to a financial gap if market rents are higher.
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.