Location: Neosho County, KS | Metro: Neosho 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 | $800 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $187,430 | 0.69% | D |
U.S. Census Bureau data (2024)
The ZIP code 66771 is characterized by a modest rental population, with only 23.2% of residents being renters. This indicates that the area is predominantly homeowner-dominated rather than renter-heavy. Given the median household income of $70,625, the typical market rent of $680 represents approximately 9.6% of the average local income. This is relatively low compared to the Fair Market Rent (FMR) of $880, which is set for FY 2026 in the metro area.
To understand the depth of voucher demand, we must consider the discrepancy between the actual market rent and the FMR. At $680, the market rent is below the FMR threshold, suggesting that there could be a significant number of tenants eligible for Section 8 vouchers. However, the relatively low percentage of renters in the area implies that the overall demand for rental properties using Section 8 vouchers might not be as high as in more densely populated rental markets.
A landlord in ZIP 66771 should expect tenants who are likely to be financially stable due to the area's higher median income. While some tenants may use Section 8 vouchers, the majority will likely pay market rent without assistance. The combination of a slightly below-average market rent relative to income and the proximity to the FMR suggests that landlords can attract both voucher-assisted and non-assisted tenants, providing a balanced tenant pool.
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.