Section 8 Fair Market Rent (FMR) for ZIP 66717 - 2027

Location: Woodson County, KS | Metro: Wilson County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$800
2 Bedrooms	$970
3 Bedrooms	$1,250
4 Bedrooms	$1,440
5 Bedrooms	$1,670
6 Bedrooms	$1,870
7 Bedrooms	$2,020
8 Bedrooms	$2,121

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

467

Median Household Income

$70,833

Housing Units

264

Renter Percentage

1.5%

Occupancy Rate

78.0%

Renter Occupied

To determine if a landlord should invest in ZIP code 66717 for Section 8 properties, follow these steps:

Step 1: Debt Service Coverage Ratio (DSCR)

If the Fair Market Rent (FMR) of $880 per month can cover the debt service on a property valued at $87,430, proceed to Step 2. Otherwise, do not invest.

Step 2: Market Rent Comparison

If the market rent is not available (N/A), compare the FMR of $880 to the typical rents in the area. If the FMR is significantly higher than typical market rents, consider it a positive sign for investment. If it's equal or lower, move to Step 3.

Step 3: Demand Analysis

If there are 1.5% of the population renting and the days on market (DOM) is not specified (N/A), evaluate the local rental market dynamics. If the combination of rental rate and DOM indicates strong demand, then it depends on other factors such as property condition and location.

Based on the provided data, the FMR of $880 per month must first be assessed against the debt service of a property priced at $87,430. If the FMR does not sufficiently cover the debt service, the answer is a clear No.

If the FMR adequately covers the debt service, the next consideration is whether the market rent is above, at, or below the FMR. With the market rent being N/A, landlords must research local rental rates. If the FMR is notably higher than what the market offers, it suggests a good opportunity for Section 8 properties, leading to a Yes.

In cases where the FMR matches or is less than the market rent, the analysis shifts to demand. With only 1.5% of the population identified as renters and the DOM unspecified, landlords need to investigate further into the rental market to gauge demand. If the demand is robust despite the low percentage of renters, the decision might still lean towards Yes. However, without concrete data on DOM and a deeper understanding of the local rental environment, the final answer is It Depends.

Investors should also consider the overall economic health of the area, crime rates, school quality, and accessibility to public transportation and amenities. These factors, combined with the financial metrics, will provide a comprehensive view necessary for making an informed investment decision.

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.