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Jackson County/Topeka/66618

66618

ZIPSAFMR
Jackson County, KS
Zillow

ZIP Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$1,070$1,070
1 BR$1,130$1,130
2 BR$1,450$1,450
3 BR$1,930$1,930
4 BR$1,960$1,960
5 BR$2,254Not available
6 BR$2,592Not available
7 BR$2,981Not available
8 BR$3,428Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMRUsed$1,450
Market rentN/A
Est. payment standardN/A
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
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
--
Mortgage rate
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ZIP 66618 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66618 (Topeka, KS) is $1,450 a month. That is up 14.2% from $1,270 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 21 ZIP codes in Jackson County, 66618 has the highest two-bedroom rent (county range $960–$1,450). The median county two-bedroom FMR in Kansas is $961, so ZIP 66618 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 66618
BedroomsFY 2027Change90–110% range
Studio$1,070+12.6%$963–$1,177
1BR$1,130+15.3%$1,017–$1,243
2BR$1,450+14.2%$1,305–$1,595
3BR$1,930+15.6%$1,737–$2,123
4BR$1,960+15.3%$1,764–$2,156

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 66618
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,070$1,130$1,450$1,930$1,960
FY 2026$950$980$1,270$1,670$1,700
FY 2025$870$880$1,150$1,490$1,580
FY 2024$850$850$1,120$1,440$1,600
FY 2023$810$810$1,070$1,360$1,580

Two-bedroom rent in nearby Jackson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 66618
66440$1,170−19.3%
66509$1,300−10.3%
66512$1,020−29.7%
66516$1,110−23.4%
66533$1,150−20.7%
66536$970−33.1%
66539$1,070−26.2%
66540$990−31.7%
66550$1,060−26.9%
66552$960−33.8%
66617$1,360−6.2%
66618Current$1,450—

Questions about ZIP 66618 rents

How much will Section 8 pay for a two-bedroom in ZIP 66618?

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 $1,450 it would be $1,305 to $1,595. 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 66618 in?

ZIP 66618 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 66618 for FY 2027?

The two-bedroom FMR rose 14.2%, from $1,270 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 35.5%.

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