Location: Lyon County, KS | Metro: Lyon County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,410 |
| 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 Fair Market Rent (FMR) for ZIP code 66833, set at $990 for the metro area in fiscal year 2026, represents the maximum amount that a landlord can receive through the Section 8 Housing Choice Voucher program. This is not the rent you charge your tenants; it's the payment standard used by the government to determine the maximum subsidy for eligible families.
In comparison, the average rent in ZIP 66833 is currently $490, according to the Census Bureau's American Community Survey (ACS). This indicates that the FMR is significantly higher than the typical rent in the area, providing a potential opportunity for landlords to receive higher subsidies for their properties.
The demand for rentals in this area is substantial, with 22.8% of the population being renters. This high percentage suggests a strong market for rental properties, particularly those participating in the Section 8 program, which can attract a steady stream of tenants.
When considering purchasing a property in ZIP 66833 for a Section 8 rental, be aware that the median home value is around $261,982. This figure represents the typical price you might pay for a property in this area, but remember that the actual cost can vary based on the condition, size, and location of the property.
Before making a final decision, verify that the property meets all the necessary requirements for participation in the Section 8 program. This includes ensuring that the property is up to code and passes inspections, which will guarantee compliance and eligibility for receiving the subsidy payments.
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.