Section 8 Fair Market Rent (FMR) for ZIP 67039 - 2027

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

Investment Score for ZIP 67039

Monthly Rent (2BR)

$960

Median Price (2BR)

$165,919

1% Rule

0.58%

Annual Yield

6.94%

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	$720
1 Bedroom	$760
2 Bedrooms	$960
3 Bedrooms	$1,270
4 Bedrooms	$1,570
5 Bedrooms	$1,821
6 Bedrooms	$2,040
7 Bedrooms	$2,203
8 Bedrooms	$2,313

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	$960	$165,919	0.58%	F
3BR	$1,270	$248,874	0.51%	F
4BR	$1,570	$348,788	0.45%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,996

Median Household Income

$91,964

Housing Units

1,306

Renter Percentage

16.1%

Occupancy Rate

88.9%

Renter Occupied

187

The town of Douglass, Kansas, located in ZIP code 67039, offers a stable environment for real estate investment, particularly for those interested in the rental market. This area is characterized by modest housing costs and a relatively low percentage of renters, making it an intriguing location for both landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 67039 in fiscal year 2024 is set at $880. This figure serves as a benchmark for rental prices in the area and can be used to ensure that rental rates are competitive and fair.
The market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at $932. This indicates that the actual rents charged in the market slightly exceed the FMR, suggesting a potential for modest profit margins.
The median home value in Douglass, KS is $241,008. This is a key metric for assessing the overall cost of property acquisition and can help investors determine their initial investment and expected returns.
Renters make up 16.1% of the total population in ZIP 67039. This lower-than-average renter share suggests a smaller demand for rental properties, which could impact occupancy rates and competition among landlords.
The median household income in the area is $91,964. This figure provides insight into the financial stability of potential tenants, indicating a relatively good ability to pay rent.

In summary, Douglass, KS presents a balanced opportunity for real estate investors. With rental prices slightly above the FMR and a median home value that is reasonable, the area allows for a moderate profit margin. The lower renter share might present challenges in finding tenants, but the solid median income suggests that those who do rent will likely be financially reliable. Landlords should consider these factors when evaluating the potential success of their investments in this ZIP code.

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.