Location: Allen 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 | $790 |
| 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 |
|---|---|---|---|---|
| 3BR | $1,300 | $122,573 | 1.06% | B |
U.S. Census Bureau data (2024)
The ZIP code 66751 represents a market with a modest rental population. With a total population of 590, only 17.4% are renters, indicating that this area is predominantly homeowner-dominated rather than a renter-heavy zone. This suggests that the demand for rental properties using Section 8 vouchers will be relatively limited.
The median household income in this ZIP code stands at $48,417. The market rent for the area is $692 per month, which equates to approximately 16.7% of the median annual income. This calculation is derived from the fact that $692 monthly rent totals $8,304 annually, which is 17.1% of $48,417. While this percentage is significant, it is still within a range that could be considered reasonable for tenants who qualify for Section 8 assistance.
Comparing the market rent to the Fair Market Rent (FMR) of $880, which is set for FY 2026 and reflects the metro area's standards, we see that the market rent in ZIP 66751 is below the FMR. This means that landlords in this ZIP code can potentially charge rents up to $880 without exceeding the FMR threshold, providing some flexibility in pricing.
The type of tenant profile a landlord in this area should expect is someone who likely qualifies for Section 8 due to the lower income levels compared to the FMR. These tenants will be seeking affordable housing options and may have a budget that aligns closely with the $692 market rent. Landlords should prepare for a tenant pool that values cost-effective living solutions and may require financial assistance to cover their rent.
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.