Section 8 Fair Market Rent (FMR) for ZIP 66411 - 2027

Location: Marshall County, KS | Metro: Manhattan, KS HUD Metro FMR Area

Investment Score for ZIP 66411

N/A

Monthly Rent (2BR)

$1,300

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,550	$147,688	1.05%	B

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,127

Median Household Income

$57,361

Housing Units

525

Renter Percentage

21.0%

Occupancy Rate

91.6%

Renter Occupied

101

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). Median home prices from Zillow (2026-08-31). 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.