Section 8 Fair Market Rent (FMR) for ZIP 67003 - 2027

Location: Harper County, KS | Metro: Harper County, KS

Investment Score for ZIP 67003

A+

Monthly Rent (2BR)

$990

Median Price (2BR)

$53,351

1% Rule

1.86%

Annual Yield

22.27%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$900
2 Bedrooms	$990
3 Bedrooms	$1,260
4 Bedrooms	$1,460
5 Bedrooms	$1,694
6 Bedrooms	$1,897
7 Bedrooms	$2,049
8 Bedrooms	$2,151

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$990	$53,351	1.86%	A+
3BR	$1,260	$111,531	1.13%	B
4BR	$1,460	$129,623	1.13%	B

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,477

Median Household Income

$50,217

Housing Units

1,412

Renter Percentage

23.0%

Occupancy Rate

70.5%

Renter Occupied

229

The ZIP code 67003, located in Anthony, Kansas, offers a unique opportunity for real estate investors interested in the Section 8 housing market. The area is characterized by its rural setting and relatively low cost of living, which makes it an attractive location for both tenants and property owners seeking stable rental income.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $990. This figure provides a benchmark for rental rates that can be expected to cover the costs of renting a unit under the Section 8 program.
The market rent for Anthony, according to the Census American Community Survey (ACS), stands at $675 for a typical two-bedroom unit. This indicates that there is potential for higher rental income when participating in the Section 8 program compared to market rates.
The median home value in Anthony is $84,484. This suggests that property acquisition costs are relatively low, making it easier for investors to enter the market with a smaller capital investment.
Renters make up 23.0% of the population in Anthony, indicating a moderate demand for rental properties. However, the presence of the Section 8 program can attract a significant portion of these renters, ensuring steady occupancy rates.
The median income in Anthony is $50,217. This figure is important as it reflects the financial capacity of potential tenants to afford rent, even when subsidized by the Section 8 program.

In summary, Anthony, Kansas presents a favorable environment for real estate investments focused on the Section 8 market. With a fair market rent significantly above the market rent, combined with lower median home values, investors can expect to achieve positive cash flow from their properties. The moderate renter share and median income levels indicate a reasonable tenant pool that can benefit from the Section 8 subsidy, leading to stable and predictable returns. Therefore, for those looking to capitalize on government-assisted housing, Anthony offers a promising opportunity.

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.