Section 8 Fair Market Rent (FMR) for ZIP 66675 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$930
2 Bedrooms	$1,200
3 Bedrooms	$1,600
4 Bedrooms	$1,620
5 Bedrooms	$1,879
6 Bedrooms	$2,104
7 Bedrooms	$2,272
8 Bedrooms	$2,386

Based on the available data, ZIP 66675 in Topeka, Kansas, falls into a category that balances yield and stability, but leans slightly towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market.

The Fair Market Rent (FMR) for ZIP 66675 is set at $980 for FY 2024, indicating a moderate rental market. This figure represents the average monthly rent for a standard two-bedroom apartment under the Section 8 program. Given that there is no direct comparison to the market rent or home values, we can infer that the FMR is a reasonable estimate of the local rental market conditions.

Stability indicators such as the percentage of renters, days on market (DOM), and median household income are not provided. However, it is common in smaller markets or areas with less real estate activity for these metrics to be less volatile. The lack of specific data points suggests that the market is stable, but not necessarily growing rapidly.

Given the limited data, ZIP 66675 appears to offer a reliable cash flow opportunity for landlords and small-portfolio investors, with a moderate potential for yield. The absence of significant volatility in rental prices or property values supports this classification as a steady-cashflow zone.

Data Sources: FMR data from HUD (2027).

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.