Section 8 Fair Market Rent (FMR) for ZIP 66869 - 2027

Location: Marion County, KS | Metro: Chase County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$820
1 Bedroom	$850
2 Bedrooms	$1,110
3 Bedrooms	$1,470
4 Bedrooms	$1,640
5 Bedrooms	$1,902
6 Bedrooms	$2,130
7 Bedrooms	$2,300
8 Bedrooms	$2,415

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

669

Median Household Income

$51,250

Housing Units

351

Renter Percentage

33.8%

Occupancy Rate

83.5%

Renter Occupied

The ZIP code 66869, located in Kansas, is a burgeoning market with significant opportunities for landlords and small-portfolio investors. The area is characterized by a mix of suburban and rural influences, offering a unique blend of affordability and stability.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,100, providing a benchmark for rental pricing that reflects the local housing market's value.
The average market rent, as per the Census American Community Survey (ACS), stands at $499, indicating a lower cost of living compared to the FMR and suggesting potential for rental income growth.
The median home value in ZIP 66869 is $108,365, which is relatively low, making it an attractive option for investors looking to purchase properties at a lower price point.
Renters make up 33.8% of the population, signaling a substantial demand for rental properties and a competitive landscape for landlords.
The median household income in the area is $51,250, which suggests that tenants have a stable financial foundation but may be sensitive to rental price increases.

In summary, ZIP 66869 presents a balanced market with a strong foundation for rental investments. With a median home value significantly below the FMR and a notable renter share, there is considerable potential for landlords to attract tenants. However, investors should be mindful of the local income levels when setting rents, ensuring they remain competitive and affordable. This analysis underscores the importance of understanding the local economic context and leveraging the area's affordability to maximize investment returns.

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.