Location: Atchison County, KS | Metro: Topeka, KS MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The ZIP code 66552 has a population of 581 individuals, with 19.1% being renters. This indicates that it is not a heavily renter-dominated area; rather, it leans towards a homeowner-dominated community. The median household income stands at $78,500, which provides a baseline for assessing the financial capacity of potential tenants.
To understand the dynamics of rental housing in this ZIP, consider the connection between income levels and market rents. While specific market rent figures are not provided, we can use the Fair Market Rent (FMR) as a benchmark. For ZIP 66552, the FMR is set at $880 per month for FY 2024. Assuming typical market rents align closely with this figure, renters would be spending approximately 11.2% of their annual income on rent alone. This calculation is based on the assumption that a household's income is evenly distributed throughout the year, making monthly rent expenses about $785, which is slightly below the FMR.
The scarcity of vouchers in this area suggests that landlords will likely encounter tenants who are either fully self-sufficient or have a mix of income and partial assistance. Given the median income and the FMR, landlords should anticipate tenants who are financially stable enough to cover rent without significant reliance on housing vouchers. These tenants are likely to have a good track record of paying rent on time and maintaining properties well, as they are capable of managing their finances independently.
In summary, ZIP 66552 is more homeowner-oriented with a modest renter presence. Landlords should prepare for a tenant pool that is relatively independent in terms of financial support, capable of handling rent payments without extensive voucher assistance. The expected tenants will be financially responsible individuals who can afford to pay close to or slightly below the FMR of $880 per month.
Data Sources: FMR data from HUD (2027). 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.