Location: Coffey County, KS | Metro: Coffey 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 | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,150 | $202,911 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 66857, located within the Coffey County, KS metro area, presents an interesting mix of real estate characteristics that can be analyzed to determine its market position. With a Fair Market Rent (FMR) of $880 for fiscal year 2026, it exceeds the average market rent of $700, indicating a slightly higher rental cost compared to what might typically be found in other ZIP codes within the same county. This suggests that 66857 is not necessarily a value pocket but rather leans towards being a mid-tier neighborhood in terms of rental pricing.
The median home value in 66857 stands at $151,281, which is above the typical home values one might expect in a value pocket scenario. This figure aligns more closely with a mid-tier status, given that it reflects a higher investment cost than what could be considered a bargain or lower-end market segment. However, it's also important to note that this home value is not exorbitantly high, which would indicate a premium sub-market. Therefore, the home values in 66857 support the notion of it being a middle-ground market within the Coffey County metro.
A significant point of interest is the 18.8% renter share in 66857. While this percentage alone does not provide enough context to label it definitively as a Section 8 sweet spot, when combined with the relatively lower market rent of $700 compared to the FMR, it does suggest that there could be a higher concentration of renters who might qualify for housing assistance programs such as Section 8. This divergence between a moderate renter share and a below-FMR market rent implies that 66857 could indeed present opportunities for landlords and small-portfolio investors looking to capitalize on affordable housing markets.
In summary, based on the provided figures, ZIP code 66857 appears to be a mid-tier neighborhood within the Coffey County, KS metro. Its slightly elevated rental costs and above-average home values place it in the middle of the market spectrum. The notable renter share, coupled with lower-than-FMR market rents, hints at potential benefits for those involved in Section 8 housing, making it a valuable consideration for investors seeking properties in an affordable yet stable market segment.
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.