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 | $1,070 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,440 | $203,947 | 0.71% | D |
| 3BR | $1,910 | $280,633 | 0.68% | D |
| 4BR | $2,360 | $391,020 | 0.6% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 67030 (Colwich, KS) presents a nuanced scenario for landlords and small-portfolio investors, particularly concerning the median home value of $308,695. The median days on market (DOM) figure being N/A suggests that homes are selling relatively quickly, indicating a strong demand in the area. However, the fact that the percentage of listings reduced is also marked as N/A, points to a stable market where sellers are less likely to lower their asking prices, reinforcing the idea of solid pricing power.
On the rental side, the Federal Market Rent (FMR) for ZIP 67030 in fiscal year 2024 is set at $1,100, while the current market rent stands at $1,325, according to Census ACS data. This gap between FMR and actual market rent signals an opportunity for landlords to maintain or slightly increase rents without losing tenants, given the historical stability of rental prices in the area. It also indicates that rental properties could serve as a steady income stream for those looking to invest in the long-term.
For long-hold investors, the setup in Colwich, KS, suggests a moderate appreciation thesis. With a median home value already established at $308,695, there is potential for gradual growth in property values, driven by continued demand and a balanced supply. Long-term investors can expect modest capital gains, provided they manage their properties well and keep them competitive in terms of maintenance and location. However, the lack of significant DOM increases or decreases, alongside the unavailability of listing reduction percentages, cautions against expecting rapid appreciation. Instead, the data points towards a stable, albeit slow-growing market.
In summary, the combination of quick sales, stable pricing, and a favorable rent-to-value ratio in ZIP 67030 supports a strategy focused on maintaining current property values and rental rates. Investors should anticipate a market that rewards patience and quality management, with opportunities for steady returns rather than explosive growth.
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.