Section 8 Fair Market Rent (FMR) for ZIP 66543 - 2027

Investment Score for ZIP 66543

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

Investment Analysis by Bedroom Size

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 66543, encompassing Vassar, KS, presents a stable housing market characterized by modest rental and homeownership values, alongside a relatively low percentage of renters. This area is particularly appealing for landlords and small-portfolio investors looking for a niche where rental properties can offer steady returns without the volatility often seen in larger urban centers.

• Fair Market Rent (FMR): The FMR for ZIP 66543 in fiscal year 2024 is set at $1140, indicating the government's benchmark for what constitutes a reasonable rental price in the area.
• Market Rent: According to the latest Census ACS data, the average market rent stands at $1,167, slightly above the FMR but still within a manageable range for most tenants.
• Median Home Value: The median home value in the region is $224,675, making it accessible for both first-time buyers and investors looking to diversify their property portfolio.
• Renter Share: Only 11.2% of residents in ZIP 66543 are renters, suggesting a smaller but potentially more loyal tenant base compared to areas with higher percentages of renters.
• Days on Market (DOM): The data for DOM is currently unavailable, which could imply that sales activity is either too sporadic or well-managed to produce significant trends.
• Median Income: The median household income is $75,288, providing a solid economic foundation for the local residents and ensuring they can afford housing costs.

In summary, the real estate landscape in ZIP 66543 offers a balanced opportunity for investment, with rental prices close to the government's FMR and a median home value that remains affordable. Despite the low renter share, the consistent median income supports the feasibility of rental investments. The absence of DOM data suggests a stable market with few rapid turnovers, which can be advantageous for long-term property management strategies.

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.