Section 8 Fair Market Rent (FMR) for ZIP 67554 - 2027

Investment Score for ZIP 67554

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)

The Lyons, Kansas area, represented by ZIP code 67554, is a small rural community with a stable housing market. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900, providing a benchmark for rental properties. With a median home value of $105,094, the area offers affordable opportunities for both homeowners and investors. The median household income stands at $64,125, which supports a moderate level of economic activity. Here's a concise breakdown of key metrics that inform investment decisions:

• Federal Market Rent (FMR): The FMR for the metro area in fiscal year 2026 is $900, indicating the average fair market rent for a two-bedroom apartment.
• Market Rent: According to the Census American Community Survey, the prevailing market rent in Lyons, KS is $760, suggesting there is room for growth towards the FMR.
• Median Home Value: At $105,094, the median home value is relatively low, making it attractive for first-time homebuyers and investors looking for entry-level properties.
• Renter Share: 25.3% of residents are renters, reflecting a moderate demand for rental properties in the area.
• Days on Market (DOM): The data for days on market is not available, which could imply either a very efficient local real estate market or limited recent transactions.
• Median Income: With a median household income of $64,125, residents have sufficient financial means to support rental payments at or near the FMR levels.

Investors considering the Lyons, KS market should focus on properties that can be rented out at or slightly below the FMR of $900, given the current market rent of $760. The relatively low median home value of $105,094 provides a good opportunity to acquire assets at a reasonable price. The moderate renter share of 25.3% indicates steady but not overwhelming demand for rentals. The strong median income suggests that tenants can afford higher rents, potentially allowing for increases over time. Overall, Lyons, KS presents a balanced market with potential for rental income growth and property appreciation.

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.