Location: Topeka, 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 | $850 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $153,021 | 0.75% | D |
| 3BR | $1,530 | $250,341 | 0.61% | D |
U.S. Census Bureau data (2024)
With a $1000 Fair Market Rent (FMR) for zip code 66533 (Rossville, KS) in fiscal year 2024, landlords can expect to receive a fixed payment from the government for eligible tenants participating in the Section 8 program. This figure stands slightly above the $930 average market rent observed in recent Census data, indicating a competitive advantage for those who qualify under the program. The median home value in Rossville is recorded at $226,623, suggesting a moderate housing market where property values are stable but not excessively high. Given that 33.4% of residents are renters, there is a significant demand for rental properties, which can be leveraged by small-portfolio investors looking to enter the market.
The median income of $62,237 provides insight into the financial capacity of local residents. While the exact days on market (DOM) and percentage of homes experiencing price cuts are not available, the lack of these metrics might indicate a robust and steady housing market, where properties sell quickly and at their listed price. For investors considering Section 8 participation, the alignment between the FMR and market rent suggests that the program could provide a reliable source of income without the risk of long vacancies or price reductions.
Investors should also consider the potential for increased tenant stability, as Section 8 participants often have a higher likelihood of maintaining consistent rental payments due to the government subsidy. This can translate into fewer turnover costs and a more predictable cash flow compared to traditional rental markets. Additionally, the moderate property values and the relatively high FMR set by HUD can offer a good margin of profitability for those willing to navigate the administrative aspects of the program.
In conclusion, the zip code 66533 presents a viable opportunity for landlords and small-portfolio investors interested in the Section 8 program, given the favorable rent-to-income ratio and the competitive edge offered by slightly higher FMRs over market rents. Participation in Section 8 can be a strategic move to ensure steady occupancy and income in a market with a significant renter share and moderate property values.
Section 8 Verdict: A solid investment option in Rossville, KS.
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.