Section 8 Fair Market Rent (FMR) for ZIP 67056 - 2027

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

Investment Score for ZIP 67056

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$147,742

1% Rule

0.68%

Annual Yield

8.12%

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	$750
1 Bedroom	$790
2 Bedrooms	$1,000
3 Bedrooms	$1,330
4 Bedrooms	$1,640
5 Bedrooms	$1,902
6 Bedrooms	$2,130
7 Bedrooms	$2,300
8 Bedrooms	$2,415

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,000	$147,742	0.68%	D
3BR	$1,330	$201,413	0.66%	D
4BR	$1,640	$281,381	0.58%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,040

Median Household Income

$78,958

Housing Units

1,186

Renter Percentage

23.0%

Occupancy Rate

94.6%

Renter Occupied

258

The ZIP code 67056, located in Halstead, Kansas, offers a stable and predictable rental market for both landlords and small-portfolio investors. This area is characterized by a mix of homeowners and renters, providing a balanced environment for property investment.

Fair Market Rent (FMR) for ZIP 67056 is set at $920 for the fiscal year 2024. This figure indicates the maximum amount that should be charged for a rental unit to be considered affordable for low-income households, thus offering a benchmark for rental pricing.
The market rent for ZIP 67056 is currently $916, according to the latest Census American Community Survey (ACS). This aligns closely with the FMR, suggesting that the rental market is operating efficiently and in line with affordability standards.
The median home value in the area stands at $206,864. This represents a moderate investment cost for those looking to purchase properties for rental purposes, balancing the risk against potential returns.
Renters make up 23.0% of the housing market in ZIP 67056. While this percentage is relatively low, it still signifies a significant portion of the population that relies on rentals, making it a viable market segment for investment.
The median household income in the area is $78,958. This income level suggests that residents have the financial capacity to meet rental obligations, reducing the risk of non-payment and increasing the likelihood of stable tenancy.
The days on market (DOM) for rental listings is not applicable (N/A), indicating that rental units are typically filled quickly once listed. This rapid turnover can be beneficial for landlords and investors seeking consistent cash flow.

In summary, ZIP 67056 presents a rental market that is closely aligned with affordability benchmarks and has a steady demand for rental properties. The median income supports tenant reliability, while the quick turnover of rental listings ensures efficient use of investment capital. However, the relatively low renter share implies that competition among landlords might be moderate, allowing for strategic pricing without aggressive discounting. For investors, this translates into a secure and predictable investment climate with opportunities for steady returns.

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.