Location: Woodson County, KS | Metro: Allen County, KS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $76,762 | 1.25% | A |
| 3BR | $1,300 | $146,455 | 0.89% | C |
| 4BR | $1,420 | $197,354 | 0.72% | D |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 66748, encompassing Humboldt, KS, and parts of Allen and Woodson Counties, reveals a significant disparity between the HUD Fair Market Rent (FMR) and the actual market rents. For fiscal year 2026, the HUD FMR stands at $880, which is nearly double the Census ACS reported market rent of $446. This indicates that voucher tenants would cashflow positively in this area, even at the HUD FMR rate.
To further understand the investment potential, consider the median home value of $120,738. The rent-to-price ratio can be derived by comparing the HUD FMR to the median home value. At an FMR of $880, the annual rent would be $10,560, leading to a rent-to-price ratio of approximately 8.7%. This suggests that rental income represents a healthy percentage of the property's value, making it a viable investment option for those interested in generating steady cash flow.
Note that the data does not provide specific information regarding the median Days on Market (DOM) or the percentage of price cuts. However, given the positive cash flow potential, these metrics are less critical in assessing the strength of the rental market compared to the buy market. The lack of these figures does not detract from the overall positive outlook for rental investments in this area.
The strongest investor angle in ZIP 66748 is cashflow. With the HUD FMR significantly above the market rent and a favorable rent-to-price ratio, investors can expect to see positive cash flow from their properties, especially when managing units that meet the quality standards required for Section 8 participation.
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.