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Crawford County/Cherokee/66724

66724

ZIPSAFMR
Crawford County, KS
Zillow

ZIP Investment Score

103Above average

095130300
BRFMR
Eff. Rent
0 BR$730$730
1 BR$730$730
2 BR$960$960
3 BR$1,330$1,330
4 BR$1,580$1,580
5 BR$1,817Not available
6 BR$2,090Not available
7 BR$2,403Not available
8 BR$2,763Not 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 66724 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 66724 (Cherokee, KS) is $960 a month. That is up 9.1% from $880 in FY 2026. Cherokee is in the Crawford 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 $988. Among 15 ZIP codes in Crawford County, 66724 is tied for the 11th-highest two-bedroom rent (county range $960–$1,270).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 66724
BedroomsFY 2027Change90–110% range
Studio$730+10.6%$657–$803
1BR$730+9.0%$657–$803
2BR$960+9.1%$864–$1,056
3BR$1,330+9.0%$1,197–$1,463
4BR$1,580+9.0%$1,422–$1,738

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 66724
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$730$730$960$1,330$1,580
FY 2026$660$670$880$1,220$1,450
FY 2025$660$660$870$1,210$1,410
FY 2024area FMR$699$703$924$1,299$1,392
FY 2023area FMR$632$636$837$1,171$1,175

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

Two-bedroom rent in nearby Crawford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 66724
66701$1,000+4.2%
66711$1,000+4.2%
66712$9600.0%
66724Current$960—
66734$980+2.1%
66735$1,130+17.7%
66743$970+1.0%
66746$990+3.1%
66753$9600.0%
66756$9600.0%
66760$1,100+14.6%
66762$1,030+7.3%

Questions about ZIP 66724 rents

How much will Section 8 pay for a two-bedroom in ZIP 66724?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $988, which applies unless the housing authority uses Small Area FMRs, that basic range is $889 to $1,087 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 66724 in?

ZIP 66724 is in the Crawford County, KS non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $988.

How much did fair market rent change in ZIP 66724 for FY 2027?

The two-bedroom FMR rose 9.1%, from $880 in FY 2026 to $960 in FY 2027. Since FY 2025 it has risen 10.3%.

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