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Shawnee County/Topeka/66629

66629

ZIPFMR
Shawnee County, KS
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$866$780
1 BR$913$910
2 BR$1,172$1,150
3 BR$1,564$1,500
4 BR$1,586$1,740
5 BR$1,824Not available
6 BR$2,097Not available
7 BR$2,412Not available
8 BR$2,774Not available

Purchase Price Calculator

Maximum purchase price
$108,973

Cost breakdown

+Likely effective rent$1,150
HUD FMR$1,172
Market rentUsed$1,150
Est. payment standard (99%)$1,160
-Principal and interest-$551
Loan amount$87,178
Down payment$21,795
Rate6.50%
Term30 years
-Operating costs-$399
Property taxes-$109
Insurance-$175
Utilities$0
HOA$0
Management-$115
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,702(85.8% ROI)
Projected value
$117,352
Return breakdown
Property appreciation+$8,379
Loan principal paid down+$3,123
Rental cash flow+$7,200
5-year hold
+$31,890(146.3% ROI)
Projected value
$123,293
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,570
Rental cash flow+$12,000
10-year hold
+$67,794(311.1% ROI)
Projected value
$139,495
Return breakdown
Property appreciation+$30,522
Loan principal paid down+$13,272
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.11
1 BR
1.00
2 BR
1.02
3 BR
1.04
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 66629 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 66629 (Topeka, KS) is $1,172 a month. That is up 10.9% from $1,057 in FY 2026. Topeka is in the Topeka, KS MSA. The median county two-bedroom FMR in Kansas is $961, so ZIP 66629 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 66629
BedroomsFY 2027Change90–110% range
Studio$866+9.3%$779–$953
1BR$913+11.3%$822–$1,004
2BR$1,172+10.9%$1,055–$1,289
3BR$1,564+12.4%$1,408–$1,720
4BR$1,586+12.4%$1,427–$1,745

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 66629
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$866$913$1,172$1,564$1,586
FY 2026$792$820$1,057$1,392$1,411
FY 2025$747$752$985$1,280$1,351
FY 2024$726$731$960$1,231$1,372
FY 2023$688$692$911$1,160$1,346

Questions about ZIP 66629 rents

How much will Section 8 pay for a two-bedroom in ZIP 66629?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,172, that basic range is $1,055 to $1,289 a month. 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 66629 in?

ZIP 66629 is in the Topeka, KS MSA. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 66629 for FY 2027?

The two-bedroom FMR rose 10.9%, from $1,057 in FY 2026 to $1,172 in FY 2027. Since FY 2023 it has risen 28.6%.

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 Fair Market Rents. 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