FMR is near market; voucher and private rents are aligned.
0.99
1 BR
1 BR
1.04ratio
FMR$750
Market$720
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR
1.02ratio
FMR$960
Market$940
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR
1.04ratio
FMR$1,280
Market$1,230
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR
0.99ratio
FMR$1,300
Market$1,310
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 66612 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66612 (Topeka, KS) is $960 a month. That is up 7.9% from $890 in FY 2026. Topeka is in the Topeka, 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 $1,172. Among 37 ZIP codes in Shawnee County, 66612 is tied for the 35th-highest two-bedroom rent (county range $960–$1,610).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 66612
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$680
$720
+5.9%
$648–$792
1BR
$680
$750
+10.3%
$675–$825
2BR
$890
$960
+7.9%
$864–$1,056
3BR
$1,160
$1,280
+10.3%
$1,152–$1,408
4BR
$1,220
$1,300
+6.6%
$1,170–$1,430
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 66612
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$720
$750
$960
$1,280
$1,300
FY 2026
$680
$680
$890
$1,160
$1,220
FY 2025
$660
$670
$870
$1,130
$1,240
FY 2024
$670
$670
$880
$1,130
$1,260
FY 2023
$590
$600
$790
$1,000
$1,160
Two-bedroom rent in nearby Shawnee County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 66612?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,172, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,055 to $1,289 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 66612 in?
ZIP 66612 is in the Topeka, KS MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,172.
How much did fair market rent change in ZIP 66612 for FY 2027?
The two-bedroom FMR rose 7.9%, from $890 in FY 2026 to $960 in FY 2027. Since FY 2023 it has risen 21.5%.
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