Location: Lyon County, KS | Metro: Coffey County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
176250 In ZIP code 66864, the median home value stands at $176,250, indicating a modest residential market. 900 The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900, which reflects the maximum amount a Section 8 voucher holder can pay for housing in this region. 1.6 With only 1.6% of residents classified as renters, the rental market is relatively small, suggesting that landlords should focus on long-term tenants rather than high turnover rates. 37422 The median income of $37,422 provides insight into the financial capabilities of potential tenants, who may rely heavily on government assistance such as Section 8 vouchers to afford housing. N/A The lack of specific data regarding market rent and days on market (DOM) indicates a stable housing market where listings are likely to be priced appropriately and sell within a reasonable timeframe. N/A Additionally, the absence of information on the percentage of homes that have had their prices cut suggests that the market is neither overpriced nor experiencing significant downward pressure on property values.
900 For landlords and small-portfolio investors considering Section 8 participation, the $900 FMR represents a clear benchmark for rental pricing. 1.6 Given the low renter share of 1.6%, competition for rental properties is minimal, allowing landlords to maintain steady occupancy rates. 37422 However, the median income of $37,422 underscores the importance of qualifying tenants who can contribute to the rent beyond what the voucher covers. 900 At $900, the FMR is a critical figure for setting rents that comply with HUD guidelines while ensuring profitability.
Section 8 verdict: Suitable for cautious investors looking to stabilize cash flow in a modestly priced market.
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.