Section 8 Fair Market Rent (FMR) for ZIP 66411 - 2027
Location: Marshall County, KS | Metro: Manhattan, KS HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $960 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$57,361
Housing Authorities Serving ZIP 66411
The ZIP code 66411, located in Kansas, offers a unique blend of suburban living with easy access to urban amenities. This area is well-suited for both families and young professionals, making it an attractive investment opportunity for landlords and small-portfolio investors.
- The Fair Market Rent (FMR) for ZIP 66411 in fiscal year 2024 is set at $880. This figure represents the average rent price for a two-bedroom apartment, which is a key benchmark for rental property pricing in the region.
- The market rent, as reported by the Census American Community Survey (ACS), stands at $789. This indicates that the actual rents charged in the area are slightly below the FMR, suggesting a potential for modest increases without alienating tenants.
- The median home value in ZIP 66411 is $111,285. This relatively low value means that purchasing properties here can be more affordable compared to other regions, providing a good entry point for investors looking to expand their portfolios.
- Renters make up 21.0% of the population in this ZIP code. This percentage highlights a significant demand for rental properties, indicating a stable tenant base for landlords.
- The median income for residents is $57,361. This level of income suggests that tenants can afford the current market rent, but any substantial increase could affect affordability.
- The Days on Market (DOM) for rental listings is currently not available. However, given the strong demand for rentals, it's likely that properties are occupied quickly once listed, which supports a healthy rental market turnover.
Synthesizing these points, ZIP 66411 presents a balanced market for real estate investments. The gap between the FMR and the actual market rent provides room for growth, while the median home value offers a cost-effective entry point. The significant renter population ensures steady demand, and the median income supports current rental prices. Despite the lack of DOM data, the overall indicators suggest a robust rental market where timely and appropriately priced listings can attract tenants quickly.
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.