ZIP 66542 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 66542 in the Lawrence, KS MSA FMR area.

Lawrence, KS MSA

$970Efficiency
$1,0201 bedroom
$1,3102 bedrooms
$1,7503 bedrooms
$1,7904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$970$873$1,067$961
1 bedroom$1,020$918$1,122$1,103
2 bedrooms$1,310$1,179$1,441$1,272
3 bedrooms$1,750$1,575$1,925$1,761
4 bedrooms$1,790$1,611$1,969$2,126

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Topeka, KS MSA

$970Efficiency
$1,0201 bedroom
$1,3102 bedrooms
$1,7503 bedrooms
$1,7904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$970$873$1,067$866
1 bedroom$1,020$918$1,122$913
2 bedrooms$1,310$1,179$1,441$1,172
3 bedrooms$1,750$1,575$1,925$1,564
4 bedrooms$1,790$1,611$1,969$1,586

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 66542

$83,002average adjusted gross income per tax return (2022)
$53,873average salaries and wages per return
1,770tax returns filed
19%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00021.5%
$25,000 to $50,00020.3%
$50,000 to $75,00014.7%
$75,000 to $100,00011.9%
$100,000 to $200,00026.0%
$200,000 or more5.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 5.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 66542?

HUD's FY2027 Small Area FMRs for ZIP 66542 (Lawrence, KS MSA) are $970 efficiency, $1,020 one bedroom, $1,310 two bedrooms, $1,750 three and $1,790 four bedrooms.

What payment standard can a housing authority set in ZIP 66542?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,179 to $1,441.

How affordable is rent in ZIP 66542?

Tax returns filed from ZIP 66542 reported an average adjusted gross income of $83,002 (2022). A two-bedroom unit at the Small Area FMR costs $15,720 a year, or 19% of that income.