Location: Wilson County, KS | Metro: Elk 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 | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $970 | $116,459 | 0.83% | C |
| 3BR | $1,190 | $167,175 | 0.71% | D |
U.S. Census Bureau data (2024)
In ZIP code 67047, which is located in Fall River, Kansas, within Greenwood County, the economics of Section 8 housing can be quite different from the local market rates. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2026 is set at $890. This figure represents the maximum amount that the Section 8 program will pay for a two-bedroom unit in this area. However, it's important to note that the local market rent for a similar unit is significantly lower, running at around $475 according to Census ACS data.
The Section 8 program operates on a formula where the government pays a subsidy to cover the difference between what a low-income family can afford and the actual rent. The tenant's portion is typically calculated as 30% of their adjusted income. For instance, if a tenant's adjusted income is $1,000 per month, they would be responsible for $300 toward the rent. The remaining amount up to the SAFMR of $890 would then be covered by the Section 8 voucher. In addition to the base rent, there are also utility allowances that vary but are often around $200 for a two-bedroom unit.
To walk through an example, let's assume the local market rent for a two-bedroom unit is $475, and the tenant's portion is $300. The government would then pay the difference between the tenant's portion and the SAFMR, which in this case would be $590 ($890 - $300). Adding the utility allowance of $200, the total reimbursement to the landlord would be $790 ($590 + $200).
This means that in ZIP 67047, landlords would have a surplus when renting a two-bedroom unit under the Section 8 program. Specifically, the typical surplus for a two-bedroom voucher reimbursement would be $315 ($790 - $475). Landlords should consider these numbers carefully when deciding whether to participate in the Section 8 program, as it can provide a stable source of income that exceeds the local market rates.
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.