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 | $1,110 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,450 |
| 5 Bedrooms | $2,842 |
| 6 Bedrooms | $3,183 |
| 7 Bedrooms | $3,438 |
| 8 Bedrooms | $3,610 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,490 | $223,213 | 0.67% | D |
| 3BR | $1,970 | $272,710 | 0.72% | D |
| 4BR | $2,450 | $329,350 | 0.74% | D |
| 5BR | $2,842 | $467,648 | 0.61% | D |
U.S. Census Bureau data (2024)
Goddard, KS, located in ZIP code 67052, is a neighborhood characterized by a relatively small population of 9,262 residents. The area has a low percentage of renters at just 14.9%, indicating that homeownership is prevalent. This is further supported by the median home value of $306,523, which suggests that the community is composed primarily of middle to upper-middle-class families. The median income of $103,148 reinforces the economic stability and affluence of the local population.
When it comes to rental economics, the Federal Market Rent (FMR) for ZIP code 67052 in fiscal year 2024 is set at $1,310. In contrast, the market rent, as measured by Zillow's ZORI (Zestimate Rent Index), stands at $1,674. This discrepancy highlights a potential opportunity for landlords and small-portfolio investors who can leverage the higher market rents while still benefiting from the lower FMR rates associated with Section 8 vouchers.
The neighborhood's characteristics make it suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the low renter percentage and stable homeowner base provide a reliable pool of tenants who are likely to be responsible and maintain properties well. The difference between the FMR and market rent also offers a cushion for managing properties without needing to actively seek out high-value tenants.
On the other hand, hands-on value-add buyers can find opportunities in improving and renting out properties at market rates, potentially earning a premium over the FMR. The affluent nature of the neighborhood means that there is demand for higher-quality rentals, which could be a target for those looking to invest in property enhancements.
In summary, Goddard, KS, in ZIP code 67052, presents a balanced investment opportunity for Section 8 investors. Whether you prefer a passive approach or an active strategy, the neighborhood's economic indicators support both hands-off and hands-on investment styles.
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.