Location: Kingman County, KS | Metro: Harper 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 | $780 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $71,421 | 1.48% | A |
| 3BR | $1,350 | $120,413 | 1.12% | B |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 landlord in ZIP code 67058, Harper, KS, must be carefully considered before investing. Tenant turnover is a significant concern due to the disparity between the market rent of $818 and the Federal Market Rent (FMR) of $960 for fiscal year 2026 in the metro area. This difference can lead to higher turnover rates as tenants might prefer properties that offer closer alignment to their financial capabilities.
Vacancy exposure is another critical issue. The days on market (DOM) for vacant properties in the area is not available, which makes it challenging to predict how long a property might remain unoccupied. A prolonged period of vacancy can significantly impact cash flow, especially when relying on government subsidies that require occupied units to receive payments.
Deferred maintenance exposure is also notable. With a typical home value of $106,155 and a median income of $62,121, landlords may face challenges in maintaining properties up to the required standards without incurring substantial out-of-pocket expenses. The lower median income suggests that tenants might have limited funds for repairs or improvements, placing the burden squarely on the landlord.
However, these risks are somewhat mitigated by the high proportion of renters in the area, which stands at 32.0%. High renter density generally translates into higher demand for rental housing, including Section 8 vouchers. This increased demand can help stabilize occupancy rates and reduce the likelihood of extended vacancies.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP code 67058, Harper, KS, is moderate. While there are significant challenges related to tenant turnover, vacancy exposure, and deferred maintenance, the high renter density provides a counterbalance that supports the viability of Section 8 investments in this area.
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.