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 | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,380 |
| 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 |
|---|---|---|---|---|
| 2BR | $1,040 | $184,500 | 0.56% | F |
| 3BR | $1,380 | $297,167 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 66865, located in Olpe, KS, has a population of 1,105 individuals, with 13.9% being renters. This indicates that it is not a renter-heavy area; rather, it is dominated by homeowners. The median household income stands at $93,333, which provides context for the rental market.
A typical market rent of $732 in this area represents approximately 8.3% of the median household income. This suggests that the cost of renting is relatively affordable compared to the average income level. However, the Fair Market Rent (FMR) for the metro area is set at $1,150 for fiscal year 2026, indicating that the current market rent in ZIP 66865 is below the FMR threshold.
This discrepancy between the actual market rent and the FMR implies that there might be limited availability of Section 8 vouchers in this area. Landlords should anticipate a tenant pool that is primarily made up of individuals who are either not eligible for Section 8 due to higher income levels or those who have found alternative sources of financial assistance. Given the low percentage of renters and the relatively high median income, the demand for vouchers is likely shallow.
To summarize, landlords in ZIP 66865 can expect tenants who are financially stable enough to afford market rents without significant government assistance. These tenants are likely to be part of a smaller renter community within a predominantly homeowner ZIP code. The affordability of rent relative to income suggests that tenants will be able to manage their housing costs effectively, reducing the risk of non-payment.
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.