Location: Nemaha County, KS | Metro: Manhattan, KS HUD Metro FMR Area
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 | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,340 | $253,683 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 66521, located in Kansas, is a residential area that offers a mix of suburban living with easy access to urban amenities. It's a prime location for landlords and small-portfolio investors looking to capitalize on the housing market trends.
Investors should note the disparity between the FMR and the actual market rent, suggesting a potential for higher returns if properties are priced closer to the market rate. The substantial renter share points to ongoing demand for rental properties, while the median income figure provides assurance regarding tenant financial stability. With a median home value below the state average, this ZIP code presents opportunities for both rental and purchase-to-rent strategies. Overall, ZIP 66521 represents a balanced investment opportunity with favorable conditions for generating steady rental income and capital appreciation.
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.