Section 8 Fair Market Rent (FMR) for ZIP 69363 - 2027

FY 2027 Fair Market Rent Rates

To profile ZIP code 69363 as a Section 8 tenant pool, we must rely on the available data points. The population figure is not available, nor is the percentage of renters or the median household income. However, the Fair Market Rent (FMR) for the metro area, which is relevant to this ZIP code, is set at $990 for fiscal year 2026.

Without specific percentages, it's challenging to definitively state whether ZIP 69363 is renter-heavy or dominated by homeowners. But given the lack of detailed demographic information, it's reasonable to infer that the voucher demand might be moderate rather than deep. Landlords in this area should prepare for a mix of tenants, including those who may require housing assistance.

The connection between income levels and market rents cannot be precisely calculated due to the absence of median household income data. However, assuming typical market rents align closely with the FMR of $990, we can deduce that a significant portion of local incomes would need to be allocated towards rent. This suggests that the cost of living in terms of housing is likely high relative to income, making housing vouchers particularly important for affordability.

Compared to the FMR of $990, properties priced around this amount or slightly below would be most attractive to Section 8 tenants. Vouchers typically cover a substantial portion of the rent, but they do have limits. Therefore, landlords should aim to keep their rental prices within or close to the FMR to maximize the potential tenant pool.

The kind of tenant profile a landlord here should expect includes individuals and families who benefit from housing vouchers to meet their living expenses. These tenants often value stability and affordability over luxury features. Properties that offer reliable maintenance, safety, and proximity to essential services will be favored.

Note: For a comprehensive analysis, additional data such as median household income and the exact percentage of renters would be necessary to provide a clearer picture of the economic landscape and housing dynamics in ZIP 69363.

Data Sources: FMR data from HUD (2027).

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.