Location: Lyon County, KS | Metro: Chase 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $780 | $71,024 | 1.1% | B |
| 2BR | $1,000 | $110,545 | 0.9% | C |
| 3BR | $1,300 | $185,772 | 0.7% | D |
| 4BR | $1,620 | $239,631 | 0.68% | D |
| 5BR | $1,879 | $277,406 | 0.68% | D |
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). 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.