Location: Woodson County, KS | Metro: Greenwood 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 | $720 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $990 | $106,287 | 0.93% | C |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 66777 in Kansas, set at $880 for the metro area fiscal year 2026, represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. This means that if you decide to rent your property under Section 8, the government will pay up to $880 per month, which is the maximum amount allowed based on this standard. It's important to note that this figure does not represent the actual rent you can charge; it's the ceiling for government reimbursement.
To put this into perspective, the average rent in ZIP 66777 is currently $760, according to the latest Census American Community Survey data. This indicates that the FMR is slightly higher than the typical market rate, which could be beneficial for landlords looking to cover their costs without taking too much risk.
Regarding demand, approximately 5.5% of residents in the area are renters. This suggests a steady but not overwhelming demand for rental properties. However, with the Section 8 program, there is a guaranteed pool of tenants who qualify for assistance, ensuring that your property will likely remain occupied.
In terms of acquiring a property in ZIP 66777, the median home value is around $101,921. This figure gives you an idea of the initial investment required to purchase a property suitable for Section 8 rental. Keep in mind that the total cost will also include maintenance, insurance, and other expenses.
Before you proceed with listing your property under Section 8, it is crucial to verify that your property meets all the necessary inspection criteria. The government requires that all Section 8 homes pass a thorough inspection to ensure they meet health and safety standards. Failure to comply with these standards can result in penalties or disqualification from the program.
Participating in the Section 8 program can provide a stable income stream for landlords in ZIP 66777, with the government covering up to $880 per month. This is slightly above the current average rent of $760, making it a potentially attractive option. With a 5.5% renter share, there is a consistent demand for rental units, and the median home value of $101,921 makes it feasible for first-time investors to enter the market. Ensure your property is fully compliant with inspection requirements to avoid any issues.
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.