Location: Woodson County, KS | Metro: Allen County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The Section 8 analysis for ZIP code 66761 is centered around the discrepancy between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR is set at $1,020, while the current market rent remains unreported. This lack of market rent data makes it impossible to calculate an exact percentage gap, but the implications are clear: landlords must decide whether to participate in the Section 8 program given the fixed FMR rate.
Given that the FMR exceeds the unknown market rent, it suggests that voucher tenants can provide a yield play for landlords. The higher FMR ensures a stable income stream that matches or surpasses what might be expected from the open market. However, the decision to accept Section 8 tenants should also consider the broader economic context of ZIP 66761. With a reported median income of $81,111 and no median home value available, it's evident that the area lacks significant homeownership activity, as indicated by the 0.0% of renters statistic.
The cost of housing voucher tenants below open-market rates is minimal in this scenario since the FMR is likely above the current market rate. Landlords can still achieve competitive yields by accepting Section 8 tenants, even without precise market rent figures. The key advantage here is the guaranteed payment structure provided by the FMR, which mitigates risks associated with fluctuating market conditions.
To summarize, the analysis in ZIP 66761 shows that the FMR at $1,020 provides a reliable basis for rental income, potentially outperforming the current market rent. This makes Section 8 properties a viable option for landlords seeking steady returns. Despite the absence of specific market rent data, the economic indicators suggest that voucher tenants could offer a stable and attractive investment opportunity.
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.