Location: Franklin County, KS | Metro: Kansas City, MO-KS HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,570 | $234,691 | 0.67% | D |
| 3BR | $1,900 | $343,429 | 0.55% | F |
| 4BR | $2,120 | $473,438 | 0.45% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 66092, Wellsville, KS, is marked by a median home value of $343,697. Despite this figure, the data indicates that the percentage of listings that have been reduced and the median days on market (DOM) are currently not available. This lack of reduction in listing prices and stable DOM suggest that sellers still maintain significant pricing power. Homeowners can expect to retain their asking prices, given the absence of downward pressure from competing, lower-priced homes.
On the rental side, the forward-looking market analysis reveals an interesting dynamic. The Fair Market Rent (FMR) for ZIP 66092 as of fiscal year 2024 is set at $1,100, whereas the current market rent stands at $1,254 according to the Census ACS. This gap between the government's benchmark and the actual market rates signals that landlords can continue to charge above the FMR without fear of losing tenants, provided they manage their properties effectively. However, it also suggests that the rental market may face regulatory scrutiny if the gap persists, which could affect future rental income.
For long-hold investors, the setup implied by the data points towards a cautious appreciation thesis. While the current median home value is relatively stable, the absence of specific trends in price reductions and DOM makes it difficult to predict strong upward movement. Long-term investors should prepare for modest growth in property values, contingent upon broader economic conditions and local demand factors. The slight premium in market rents over FMRs provides a buffer against potential declines in home values, offering a dual-income strategy through both capital appreciation and rental yields.
In summary, the data for ZIP 66092 indicates a market where sellers hold considerable pricing power, and landlords can maintain competitive rents above the FMR. However, the long-term appreciation outlook remains tempered by the lack of clear upward trends in home values. Investors should focus on sustainable returns through rental income and be prepared for moderate growth in property values.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.