Section 8 Fair Market Rent (FMR) for ZIP 66763 - 2027

Location: Crawford County, KS | Metro: Crawford County, KS

Investment Score for ZIP 66763

Monthly Rent (2BR)

$980

Median Price (2BR)

$104,309

1% Rule

0.94%

Annual Yield

11.27%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$750
2 Bedrooms	$980
3 Bedrooms	$1,360
4 Bedrooms	$1,640
5 Bedrooms	$1,902
6 Bedrooms	$2,130
7 Bedrooms	$2,300
8 Bedrooms	$2,415

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$980	$104,309	0.94%	C
3BR	$1,360	$194,809	0.7%	D
4BR	$1,640	$259,682	0.63%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,392

Median Household Income

$58,733

Housing Units

1,714

Renter Percentage

27.0%

Occupancy Rate

86.9%

Renter Occupied

403

The ZIP code 66763, located in Frontenac, Kansas, offers a stable real estate market for both landlords and small-portfolio investors. Nestled in a region known for its quiet living and strong community ties, Frontenac presents a unique opportunity for those looking to invest in a growing yet affordable housing sector.

Fair Market Rent (FMR): The FMR for ZIP 66763 is set at $920 for fiscal year 2026, indicating the rental value is slightly above average for the metro area.
Market Rent: According to the Census American Community Survey, the actual market rent is $778, suggesting there's potential for rental price increases to align with the FMR.
Median Home Value: The median home value in the area stands at $169,924, which is relatively low compared to many other regions, making it an attractive investment for those looking to purchase properties at a lower entry cost.
Renter Share: With 27.0% of residents being renters, there is a notable demand for rental properties, though it's not as high as in urban centers.
Days on Market (DOM): The data for days on market is currently unavailable, but this can be indicative of either a very efficient market or a lack of recent sales activity.
Median Income: The median household income in Frontenac is $58,733, which supports the ability of residents to afford current rental rates and potentially higher ones as the market adjusts.

The analysis suggests that Frontenac, KS, is a promising area for real estate investments, particularly for rental properties. The gap between the Fair Market Rent and the current market rent indicates room for growth, while the median home value provides a low-cost entry point for property acquisition. The 27.0% renter share shows a consistent demand for rentals, and the median income supports the feasibility of increasing rents towards the FMR without significantly impacting affordability. Despite the absence of recent DOM data, the overall economic indicators suggest a stable and potentially profitable market for landlords and small-portfolio investors.

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.