Section 8 Fair Market Rent (FMR) for ZIP 67025 - 2027

Location: Reno County, KS | Metro: Wichita, KS HUD Metro FMR Area

Investment Score for ZIP 67025

F
Monthly Rent (2BR)
$1,090
Median Price (2BR)
$190,817
1% Rule
0.57%
Annual Yield
6.85%

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$810
1 Bedroom$850
2 Bedrooms$1,090
3 Bedrooms$1,450
4 Bedrooms$1,780
5 Bedrooms$2,065
6 Bedrooms$2,313
7 Bedrooms$2,498
8 Bedrooms$2,623

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,090 $190,817 0.57% F
3BR $1,450 $264,431 0.55% F
4BR $1,780 $338,723 0.53% F
5BR $2,065 $427,054 0.48% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
3,940
Median Household Income
$86,840
Housing Units
1,369
Renter Percentage
18.8%
Occupancy Rate
95.0%
Renter Occupied
244

In ZIP 67025, which encompasses Cheney, KS, in Sedgwick County, the Section 8 housing program operates based on the SAFMR (Small Area Fair Market Rent) for the specific ZIP code. For a two-bedroom apartment, the SAFMR for FY 2024 is set at $1110. This is the maximum amount that the government will pay per month toward a tenant's rent under the Section 8 voucher program.

The local market rent for a two-bedroom unit in this area, according to the Census ACS, is $1,054. This means that the SAFMR is slightly higher than the average market rent, offering landlords a potential opportunity to earn more than the typical rental income.

When a landlord participates in the Section 8 program, the voucher payment is calculated based on the SAFMR minus the tenant's portion of the rent, plus any utility allowances. The tenant's portion is typically 30% of their adjusted income, which can vary depending on the individual's financial situation. Utility allowances are additional payments made directly to the landlord to cover the cost of utilities such as electricity, water, and gas.

To illustrate, if a tenant's portion of the rent is $300, the government would pay the remaining $810 towards the rent. If there is an additional utility allowance of $100, the total reimbursement to the landlord would be $910. In this scenario, the landlord would receive $910 from the government and $300 from the tenant, totaling $1,210, which is above the local market rent.

The SAFMR being higher than the local market rent creates a surplus for landlords. In ZIP 67025, the typical surplus for a two-bedroom voucher reimbursement is $156 per month. This surplus is the difference between the SAFMR and the local market rent, plus any utility allowances, minus the tenant's portion of the rent.

Landlords should note that the actual amount they receive can fluctuate based on the tenant's income and utility usage. However, the overall economic benefit of participating in the Section 8 program in ZIP 67025 is positive, providing a reliable source of income that exceeds the local market rent by a significant margin.

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.