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Brown County/Hiawatha/66434

66434

ZIPSAFMR
Brown County, KS
Zillow

ZIP Investment Score

113Above average

095130300
BRFMR
Eff. Rent
0 BR$710$710
1 BR$730$730
2 BR$960$960
3 BR$1,190$1,190
4 BR$1,330$1,330
5 BR$1,529Not available
6 BR$1,759Not available
7 BR$2,023Not available
8 BR$2,326Not available

Purchase Price Calculator

Maximum purchase price
$80,739

Cost breakdown

+Likely effective rent$960
HUD FMRUsed$960
Market rentN/A
Est. payment standardN/A
-Principal and interest-$408
Loan amount$64,591
Down payment$16,148
Rate6.50%
Term30 years
-Operating costs-$352
Property taxes-$81
Insurance-$175
Utilities$0
HOA$0
Management-$96
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,722(97.4% ROI)
Projected value
$86,947
Return breakdown
Property appreciation+$6,208
Loan principal paid down+$2,314
Rental cash flow+$7,200
5-year hold
+$26,737(165.6% ROI)
Projected value
$91,349
Return breakdown
Property appreciation+$10,610
Loan principal paid down+$4,127
Rental cash flow+$12,000
10-year hold
+$56,447(349.6% ROI)
Projected value
$103,353
Return breakdown
Property appreciation+$22,614
Loan principal paid down+$9,833
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 66434 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66434 (Hiawatha, KS) is $960 a month. That is up 7.9% from $890 in FY 2026. Hiawatha is in the Brown County, KS non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $961. Among 13 ZIP codes in Brown County, 66434 is tied for the 10th-highest two-bedroom rent (county range $960–$1,320).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 66434
BedroomsFY 2027Change90–110% range
Studio$710+9.2%$639–$781
1BR$730+7.4%$657–$803
2BR$960+7.9%$864–$1,056
3BR$1,190+2.6%$1,071–$1,309
4BR$1,330+12.7%$1,197–$1,463

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 66434
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$710$730$960$1,190$1,330
FY 2026$650$680$890$1,160$1,180
FY 2025$650$690$910$1,200$1,210
FY 2024area FMR$633$671$882$1,173$1,185
FY 2023area FMR$584$599$788$1,043$1,083

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Brown County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 66434
66041$1,000+4.2%
66094$970+1.0%
66424$9600.0%
66425$1,250+30.2%
66434Current$960—
66439$9600.0%
66515$990+3.1%
66516$1,110+15.6%
66527$1,320+37.5%
66532$970+1.0%
66534$9600.0%
66550$1,060+10.4%

Questions about ZIP 66434 rents

How much will Section 8 pay for a two-bedroom in ZIP 66434?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $961, which applies unless the housing authority uses Small Area FMRs, that basic range is $865 to $1,057 a month; under the ZIP-level Small Area FMR of $960 it would be $864 to $1,056. 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 66434 in?

ZIP 66434 is in the Brown County, KS non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $961.

How much did fair market rent change in ZIP 66434 for FY 2027?

The two-bedroom FMR rose 7.9%, from $890 in FY 2026 to $960 in FY 2027. Since FY 2025 it has risen 5.5%.

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