Section 8 Fair Market Rent (FMR) for ZIP 67658 - 2027
Location: Russell County, KS | Metro: Osborne County, KS
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$66,250
To determine if you should buy in ZIP code 67658 for Section 8 investment, follow this decision tree:
- Does FMR $890 (metro FY 2026) clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest in this area for Section 8 purposes. The Federal Market Rent (FMR) of $890 does not cover the cost of debt service, which means your investment will not be financially viable under Section 8 guidelines.
- Is market rent above, at, or below FMR?
- If market rent is above FMR: This indicates that there is potential for higher returns outside of Section 8, but it does not directly affect the viability of a Section 8 investment. Continue to the next question.
- If market rent is at or below FMR: This makes Section 8 investments more competitive with the broader rental market. However, without specific market rent data, we cannot make a definitive assessment. Move to the next question.
- Are 11.9% renters + N/A-day DOM enough demand?
- If the Days on Market (DOM) is low (e.g., less than 30 days): Despite only 11.9% of residents being renters, the quick turnover suggests strong demand for rental properties. You can proceed with confidence that there will be sufficient tenant interest.
- If the DOM is high (e.g., more than 60 days): The combination of a lower percentage of renters and slower turnover implies weaker demand. It depends on other factors such as vacancy rates and local employment trends, which would need to be considered before making an investment decision.
The final decision hinges on whether the FMR clears debt service and the balance between market conditions and demand for rentals. With 11.9% of residents renting, the area has a baseline demand, but the key metric is the DOM to gauge how quickly you can fill 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.