Section 8 Fair Market Rent (FMR) for ZIP 69020 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

ZIP code 69020, located in a suburban setting, offers a stable environment for real estate investment, particularly for those interested in the rental market. The area is characterized by a mix of single-family homes and rental properties, providing opportunities for both homeowners and investors.

• The Fair Market Rent (FMR) for ZIP 69020 in the fiscal year 2026 is set at $1,130. This figure represents the maximum amount that landlords can charge for a two-bedroom apartment under the Section 8 program, ensuring a consistent revenue stream for participating landlords.
• The average market rent for the area, according to the Census American Community Survey (ACS), stands at $1,068. This indicates that the local rental market closely aligns with the government's FMR guidelines, offering landlords a realistic benchmark for their property values.
• The median home value in ZIP 69020 is $147,994. This relatively low median value suggests that there is significant potential for appreciation, especially if the area continues to develop and attract new residents.
• Renters make up 17.0% of the housing market in this ZIP code. While this percentage is not exceptionally high, it does indicate a steady demand for rental properties, making it a viable option for small-portfolio investors looking for reliable tenants.
• The median income for households in ZIP 69020 is $90,625. This robust income level supports the likelihood of timely rent payments and a stable tenant base, crucial factors for long-term investment success.
• Unfortunately, the exact number of days on market (DOM) for rental listings is not available, which could provide insights into the speed of finding tenants. However, the other data points suggest a healthy and competitive rental market.

Investors in ZIP 69020 should take note of the strong alignment between market rents and the FMR, indicating a predictable and regulated rental environment. With a median income above the national average and a reasonable median home value, there is potential for growth in property values. Although the percentage of renters is modest, the stability of the market and the financial health of the community support a positive outlook for rental investments. For landlords and small-portfolio investors, ZIP 69020 presents a balanced opportunity with low risk and potential for steady returns.

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.