Location: Topeka, KS | Metro: Topeka, KS MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The ZIP code 66622, located in a county with only 56 residents, presents a unique opportunity for landlords and small-portfolio investors. The scarcity of data points such as the percentage of residents renting, median income, and median home value underscores the niche nature of this area. Despite these gaps, the Federal Market Rent (FMR) for ZIP 66622 is set at $1050 for fiscal year 2024, providing a clear benchmark for rental pricing.
In terms of voucher economics, the FMR of $1050 is the key figure to consider. This amount represents the maximum rental assistance payment that landlords can receive through the Section 8 program for units in this ZIP code. Given the lack of specific market rent data, the FMR serves as a reliable indicator for setting competitive and fair rental rates for subsidized housing.
The data signature for ZIP 66622 reads as stable. With a small population and limited available data, it suggests that changes in demographics or economic conditions are likely to be gradual and minimal. Landlords and investors can expect consistent demand and predictable financial outcomes when dealing with Section 8 vouchers in this area. The low population density also implies less competition among landlords, making it easier to manage a portfolio and maintain tenant relationships.
To summarize, ZIP 66622 offers a straightforward approach to Section 8 investments with a defined FMR of $1050. The stability of the area provides a secure environment for long-term investment strategies, free from the volatility often seen in larger markets.
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.