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 | $800 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $175,112 | 0.61% | D |
| 3BR | $1,420 | $202,627 | 0.7% | D |
| 4BR | $1,760 | $274,017 | 0.64% | D |
| 5BR | $2,042 | $341,026 | 0.6% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67060, Haysville, Kansas, for fiscal year 2024 is set at $1050. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; it's the payment standard used by the Housing Choice Voucher Program to determine the amount of assistance given to tenants.
In comparison, the average rent in Haysville, according to Census American Community Survey data, is $1,062. This suggests that the market rent is slightly higher than the FMR, indicating that landlords participating in Section 8 might have to accept a lower rent than what the market would typically offer. However, the stability and reliability of Section 8 payments make up for this difference.
The renter share in Haysville is 18.8%, which means nearly one in five residents are renters. This provides a good indication of potential demand for rental properties, particularly those that are affordable through the Section 8 program. Given the FMR, there is a reasonable likelihood that tenants needing assistance will be interested in your property.
If you're looking to acquire a new rental property in Haysville, the median home value stands at $207,413. This figure can help you assess the initial investment required for purchasing a property suitable for Section 8 tenants. Remember, the acquisition cost is just one part of the equation; ongoing maintenance, property management, and other expenses must also be considered.
Before proceeding with your first Section 8 rental in Haysville, ensure that your property meets the Housing Quality Standards (HQS). These standards are set by the Department of Housing and Urban Development (HUD) to ensure that the housing units are safe, decent, and sanitary. A thorough inspection to confirm compliance with HQS is crucial to avoid delays in the leasing process and to maintain eligibility for the program.
To summarize, the FMR of $1050 sets the ceiling for rent under the Section 8 program in Haysville. With an average market rent of $1,062 and an 18.8% renter share, there is a steady demand for rental properties. The median home value of $207,413 gives you a benchmark for property acquisition costs. Your next step should be verifying that your property meets HUD’s Housing Quality Standards to ensure smooth participation in the program.
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.