Location: Republic County, KS | Metro: Cloud 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 | $740 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $90,443 | 1.12% | B |
| 3BR | $1,210 | $153,440 | 0.79% | D |
| 4BR | $1,480 | $192,879 | 0.77% | D |
| 5BR | $1,717 | $220,741 | 0.78% | D |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP 66901, Concordia, Kansas, are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $910. This figure is specific to ZIP 66901 and reflects the rental market conditions unique to this area.
However, the local market rent for a similar unit, according to the Census ACS data, is approximately $800. This means that landlords in ZIP 66901 can expect a higher reimbursement rate than the current market average when participating in the Section 8 program.
A landlord's actual reimbursement will depend on the specifics of the voucher and the tenant's portion of the rent. Typically, the tenant is responsible for paying 30% of their adjusted income toward rent. If we assume an average adjusted income of $1,500 per month, the tenant would pay about $450 towards rent. The remaining amount, up to the SAFMR of $910, would be covered by the housing authority.
In addition to the base rent, Section 8 vouchers also include utility allowances. For a two-bedroom unit, the utility allowance is generally around $200. This brings the total reimbursement potential to $1,110 ($910 base rent + $200 utilities).
Given the local market rent of $800, the reimbursement from the housing authority would cover the entire rent plus provide an additional $110 for utilities. Therefore, landlords in ZIP 66901 who accept Section 8 vouchers can expect a surplus of $110 above the local market rent, assuming the tenant's portion does not exceed the difference between the SAFMR and the market rent.
To summarize, in ZIP 66901, landlords can receive a reimbursement of $910 for a two-bedroom apartment, which is higher than the local market rent of $800. With the utility allowance, the total reimbursement can reach $1,110, providing a surplus of $110 over the market rent.
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.