Section 8 Fair Market Rent (FMR) for ZIP 66956 - 2027

Investment Score for ZIP 66956

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Skeptical investors looking at ZIP code 66956 might have several concerns regarding the viability of investing in Section 8 properties here. Let's address these concerns with the available data.

• Will FMR $1,130 (metro FY 2026) cover the mortgage on a $106,853 home? The Fair Market Rent (FMR) of $1,130 for the metro area in fiscal year 2026 does suggest that it could cover the mortgage on a home priced at $106,853. However, the actual mortgage payment depends on factors such as interest rates and loan terms. Assuming a typical 30-year fixed-rate mortgage at an average rate, the monthly payment on a $106,853 home would likely be lower than $1,130, making it feasible to cover the mortgage with the FMR. Still, investors should consult current mortgage rates to make a precise calculation.

• Is there enough renter demand at 25.9%? The 25.9% of households renting in ZIP 66956 indicates a moderate level of rental demand. While this percentage is not exceptionally high, it does suggest that there is a reasonable pool of potential tenants. To further assess the demand, investors should look into the local rental vacancy rates and trends in population growth or job market stability. These additional metrics can provide a clearer picture of whether the rental demand is sufficient to sustain a Section 8 property.

• Will vouchers keep pace with $639 market rents? With the market rent set at $639, the question arises whether Section 8 vouchers will cover this amount. The FMR of $1,130 for the metro area implies that the voucher amount is designed to be adequate for the local housing market. However, the specific voucher amount for ZIP 66956 is not provided in the data. Generally, voucher amounts are adjusted annually to reflect changes in the cost of living and market conditions. Therefore, while we cannot definitively state that vouchers will cover $639, the trend suggests they are intended to keep pace with market rents. Landlords should stay informed about any adjustments made to voucher amounts in their specific area.

The data provided gives a snapshot of the rental market in ZIP 66956, but it is essential to consider other factors such as economic indicators, local regulations, and landlord-tenant dynamics. For a comprehensive analysis, investors should conduct further research and consult with local real estate experts.

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.