Location: Cowley County, KS | Metro: Cowley County, KS
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 | $820 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,480 | $185,584 | 0.8% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67019 in fiscal year 2026 is set at $930. This figure represents the maximum amount that the U.S. Department of Housing and Urban Development (HUD) will pay landlords who participate in the Section 8 program for a given unit. It's important to note that this is not the rent you can charge your tenants; it's the reimbursement limit from the government.
To put this into perspective, the average rent for ZIP 67019, according to the Census American Community Survey, is $788. This means that if you're participating in the Section 8 program, HUD will cover up to $930, which is higher than the typical market rate, potentially providing a buffer against non-payment.
With a renter share of 21.2%, there is a significant demand for affordable housing in this area. This percentage indicates that over one-fifth of the households in ZIP 67019 are renters, many of whom could benefit from the subsidies offered through the Section 8 program.
If you're considering acquiring a property in ZIP 67019 to use as a Section 8 rental, the median home value is around $135,035. This suggests that you can find properties within this price range that would be suitable for the program. However, it's crucial to ensure that the property meets all HUD's quality standards before you proceed, as failing to do so could result in lower reimbursement rates or even disqualification from the program.
In summary, the FMR of $930 provides a clear benchmark for reimbursement, which is higher than the average local rent of $788. With a renter share of 21.2%, there is a notable demand for affordable housing units. Before you make an investment, verify that the property complies with HUD’s requirements to avoid any issues that could impact your financial returns.
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.