Location: Chase County, KS | Metro: Chase County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The Section 8 economics in ZIP 66850 are governed by the SAFMR (Small Area Fair Market Rent) which is specifically tailored for this ZIP code. For a two-bedroom apartment, the SAFMR for fiscal year 2026 is set at $980. This figure represents the maximum amount that the Housing Choice Voucher program will pay towards the rent for a unit of this size.
The SAFMR does not directly reflect the local market rent, which is currently unavailable. However, it is important for landlords to understand that the actual payment they receive from a Section 8 voucher is calculated based on a formula that includes the tenant's contribution and utility allowances.
A voucher holder is typically required to pay 30% of their adjusted monthly income towards rent. This amount is then added to the utility allowance to determine the total reimbursement to the landlord. If a tenant's adjusted monthly income is $1,000, they would contribute $300 towards rent. Assuming an average utility allowance of $200, the total reimbursement to the landlord would be $500 plus the remainder paid by the government up to the $980 limit.
In practice, this means that landlords should expect to receive a consistent and predictable rental income of $980 per month for a two-bedroom apartment in ZIP 66850, assuming the unit is rented to a voucher holder whose income falls within the parameters set by the program.
Given these figures, if the local market rent is higher than $980, landlords using Section 8 vouchers might face a shortfall. Conversely, if the market rent is lower, they could see a surplus. Without specific market rent data, it's impossible to quantify the exact gap or surplus. However, landlords can calculate this by comparing the $980 SAFMR to the prevailing market rents in ZIP 66850.
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.