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Douglas County/Lawrence/66046

66046

ZIPSAFMR
Douglas County, KS
Zillow

ZIP Investment Score

97Above average

095130300
BRFMR
Eff. Rent
0 BR$890$840
1 BR$1,020$1,100
2 BR$1,180$1,300
3 BR$1,630$1,720
4 BR$1,970$2,170
5 BR$2,266Not available
6 BR$2,605Not available
7 BR$2,996Not available
8 BR$3,446Not available

Purchase Price Calculator

Maximum purchase price
$131,263

Cost breakdown

+Likely effective rent$1,300
HUD FMR$1,180
Market rent$1,400
Est. payment standard (110%)Used$1,300
-Principal and interest-$664
Loan amount$105,010
Down payment$26,253
Rate6.50%
Term30 years
-Operating costs-$436
Property taxes-$131
Insurance-$175
Utilities$0
HOA$0
Management-$130
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,055(80.2% ROI)
Projected value
$141,356
Return breakdown
Property appreciation+$10,093
Loan principal paid down+$3,762
Rental cash flow+$7,200
5-year hold
+$35,958(137.0% ROI)
Projected value
$148,512
Return breakdown
Property appreciation+$17,249
Loan principal paid down+$6,709
Rental cash flow+$12,000
10-year hold
+$76,751(292.4% ROI)
Projected value
$168,028
Return breakdown
Property appreciation+$36,765
Loan principal paid down+$15,987
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.06
1 BR
0.89
2 BR
0.84
3 BR
0.92
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 66046 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66046 (Lawrence, KS) is $1,180 a month. That is up 9.3% from $1,080 in FY 2026. Lawrence is in the Lawrence, KS MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,272. Among 13 ZIP codes in Douglas County, 66046 has the 10th-highest two-bedroom rent (county range $1,070–$1,570). The median county two-bedroom FMR in Kansas is $961, so ZIP 66046 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 66046
BedroomsFY 2027Change90–110% range
Studio$890+8.5%$801–$979
1BR$1,020+10.9%$918–$1,122
2BR$1,180+9.3%$1,062–$1,298
3BR$1,630+8.7%$1,467–$1,793
4BR$1,970+8.8%$1,773–$2,167

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 66046
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$890$1,020$1,180$1,630$1,970
FY 2026$820$920$1,080$1,500$1,810
FY 2025$770$870$1,040$1,460$1,750
FY 2024$700$790$960$1,350$1,630
FY 2023$680$750$920$1,310$1,550

Two-bedroom rent in nearby Douglas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 66046
66006$1,080−8.5%
66021$1,540+30.5%
66025$1,560+32.2%
66044$1,210+2.5%
66045$1,270+7.6%
66046Current$1,180—
66047$1,340+13.6%
66049$1,330+12.7%
66050$1,140−3.4%
66092$1,570+33.1%
66409$1,200+1.7%
66524$1,070−9.3%

Questions about ZIP 66046 rents

How much will Section 8 pay for a two-bedroom in ZIP 66046?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,272, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,145 to $1,399 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 66046 in?

ZIP 66046 is in the Lawrence, KS MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,272.

How much did fair market rent change in ZIP 66046 for FY 2027?

The two-bedroom FMR rose 9.3%, from $1,080 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 28.3%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentLawrence, KS fair market rentKS statewide rentsWhat is SAFMR?Data sources