Location: Lyon County, KS | Metro: Topeka, KS MSA
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 | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $127,222 | 0.75% | D |
| 3BR | $1,280 | $225,645 | 0.57% | F |
| 4BR | $1,300 | $246,050 | 0.53% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 66413, Burlingame, KS, suggests a balanced market with implications for both pricing power and rental dynamics over the next 12 to 24 months. The median home value stands at $188,673, indicating a stable housing market where property values have not experienced significant fluctuations. This stability is further reinforced by the fact that there is no available data showing a percentage of listings being reduced, which typically signals a buyer's market. Additionally, the lack of data on the median days on market (DOM) suggests that homes are selling relatively quickly, without extended periods of listing.
On the rental side, the Forward Monthly Rent (FMR) for ZIP 66413 is projected to be $880 for fiscal year 2024, while the current market rent, according to the Census American Community Survey, is estimated at $715. This gap between the projected FMR and the current market rent signals potential upward pressure on rental rates. Landlords and small-portfolio investors can anticipate an increase in rental income as the market adjusts to meet the projected FMR levels.
For long-term investors, the setup in Burlingame, KS, presents a realistic scenario for property appreciation. The stable median home value combined with the projected increase in rental rates points towards a growing demand for housing in the area. As local economic conditions improve and population growth trends continue, the value of properties could rise, reflecting the increased desirability and cost-effectiveness of living in ZIP 66413. However, the lack of historical data on price reductions and DOM makes it difficult to quantify the exact rate of appreciation. Nonetheless, the current indicators suggest that maintaining or slightly increasing property values will be feasible, providing a solid foundation for long-term investment strategies.
Investors should also consider the broader economic context of Burlingame, including employment trends and infrastructure developments, which could influence the pace of appreciation. A positive outlook on these factors would support the thesis that properties in ZIP 66413 are likely to retain their value and potentially appreciate over time, aligning well with a long-hold investment approach.
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.