Location: Lyon County, KS | Metro: Chase County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The ZIP code 66801, located in Emporia, Kansas, stands out within Lyon County due to its unique demographic and economic characteristics. With a population of 27,585, it has a notable rental rate of 46.3%, indicating a significant portion of the community relies on rented housing. The median income in this area is $56,794, which is relatively modest but sufficient for the local cost of living. The median home value is $168,942, reflecting the affordability of homeownership in the region.
For landlords and small-portfolio investors, the economics of Section 8 vouchers in ZIP 66801 are particularly favorable. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, whereas the Zillow Observed Rent Index (ZORI), which measures actual market rents, stands at $846. This means that landlords participating in the Section 8 program can expect to receive slightly above-market rent rates, effectively subsidizing their properties and ensuring stable cash flow.
The data signature for ZIP 66801 suggests a stable environment for real estate investment. The consistent rental demand and the slight premium offered by the FMR over the ZORI indicate that landlords can benefit from a reliable tenant base without the risk of market fluctuations. Additionally, the median home value and income levels suggest a balanced market where homeownership is accessible, and rental properties remain in high demand. This stability is crucial for long-term investment strategies, providing assurance that the returns will be predictable and sustainable.
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.