Location: Wichita, KS | Metro: Wichita, 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 | $800 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $840 | $106,566 | 0.79% | D |
| 2BR | $1,070 | $150,014 | 0.71% | D |
| 3BR | $1,420 | $222,840 | 0.64% | D |
| 4BR | $1,760 | $289,988 | 0.61% | D |
| 5BR | $2,042 | $351,164 | 0.58% | F |
U.S. Census Bureau data (2024)
The market in ZIP 67010, Augusta, KS, reveals a dynamic equilibrium between supply and demand. The Fair Market Rent (FMR) for the area is set at $1090 for zip FY 2024, while the actual market rent, as per Census ACS, is $871. This suggests that rental prices are below the FMR, indicating a potential oversupply of rental units relative to demand. However, the low 0.2% price-cut share signals that landlords are not significantly reducing their rents, which might point to a relatively stable rental market where tenants are willing to pay close to the asking price.
The median home value in Augusta is $215,816, which places it within a modest range compared to larger metropolitan areas. This could attract first-time homebuyers and families looking for affordable homeownership options. Yet, the lack of available data on days on market (DOM) makes it challenging to assess how quickly homes are selling, an important indicator of demand strength.
A noteworthy aspect of Augusta's housing market is the 21.3% renter share. This figure indicates a significant portion of the population prefers renting over owning, which can create sustained long-term housing pressure. Landlords and small-portfolio investors should consider this trend when evaluating investment opportunities in the area. A higher renter share typically means a steady demand for rental properties, as many residents may be unable or unwilling to purchase homes due to financial constraints or lifestyle choices.
In summary, the current snapshot of ZIP 67010 points towards a market where supply slightly outpaces demand, but with a notable rental segment that ensures consistent occupancy rates. For those looking to invest in rental properties, the area presents a stable environment with a clear need for housing solutions that cater to renters.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.