Section 8 Fair Market Rent (FMR) for ZIP 66941 - 2027

Location: Smith County, KS | Metro: Jewell County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$790
2 Bedrooms	$1,000
3 Bedrooms	$1,280
4 Bedrooms	$1,500
5 Bedrooms	$1,740
6 Bedrooms	$1,949
7 Bedrooms	$2,105
8 Bedrooms	$2,210

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

130

Median Household Income

$70,156

Housing Units

134

Renter Percentage

29.2%

Occupancy Rate

66.4%

Renter Occupied

The ZIP code 66941, located in the Kansas City metropolitan area, offers a unique blend of suburban charm and urban convenience, making it an attractive location for both residents and investors. The area benefits from its proximity to major employment centers while maintaining a residential feel.

Fair Market Rent (FMR) for a two-bedroom apartment is $1,090 in fiscal year 2026.
The average market rent for properties is $600 according to the Census ACS data.
The median home value is not available due to limited data points.
Renters make up 29.2% of the housing market, indicating a significant demand for rental properties.
The median household income stands at $70,156, suggesting that residents have the financial capacity to afford higher rents.
The days on market (DOM) for properties is not available, which could indicate either a very active or inactive real estate market depending on the context.

Investors considering the ZIP 66941 market should note the discrepancy between the Fair Market Rent and the actual market rent, which presents an opportunity for price adjustments. With nearly 30% of the population renting, there's a substantial base of potential tenants. High median incomes support the feasibility of increasing rents closer to the FMR without significantly impacting occupancy rates. However, the lack of data on median home values and days on market suggests caution in overinterpreting trends without further investigation. Overall, the area shows promise for those looking to enter the rental market with well-priced units.

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.