Section 8 Fair Market Rent (FMR) for ZIP 66952 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$860
2 Bedrooms	$1,000
3 Bedrooms	$1,330
4 Bedrooms	$1,510
5 Bedrooms	$1,752
6 Bedrooms	$1,962
7 Bedrooms	$2,119
8 Bedrooms	$2,225

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

401

Median Household Income

$52,188

Housing Units

306

Renter Percentage

8.0%

Occupancy Rate

73.9%

Renter Occupied

ZIP code 66952, located in the heart of the Midwest, offers a stable environment for real estate investments, particularly in the rental sector. Here's a concise market analysis based on available data points:

The Fair Market Rent (FMR) for ZIP 66952 is set at $920 for the fiscal year 2026, indicating a moderate level of affordability and demand for rental properties.
According to Census ACS data, the average market rent in this area is $575, suggesting that there is room for rental price increases without being overly competitive.
The renter share of the population stands at 8.0%, which is relatively low but still significant enough to support a modest portfolio of rental units.
The median household income is $52,188, providing insight into the financial capacity of potential tenants and the overall economic health of the area.
Due to the lack of specific data on days on market (DOM), it's important to conduct thorough local research to gauge the speed at which rental properties are typically occupied.
Although the median home value is not available, the combination of the FMR and market rent figures indicates that the area is well-suited for rental investments over homeownership opportunities.

In summary, ZIP 66952 presents a balanced market for landlords and small-portfolio investors. With a fair market rent of $920 and an average market rent of $575, there is potential for modest growth in rental pricing. The 8.0% renter share suggests a smaller pool of tenants compared to areas with higher percentages, but it remains a viable investment opportunity. Given the median income of $52,188, tenants are likely to have stable finances, reducing the risk of default. However, due to the absence of specific data on days on market, further investigation is recommended to ensure quick turnover and efficient management of rental properties.

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.