Section 8 Fair Market Rent (FMR) for ZIP 67065 - 2027

Location: Pratt County, KS | Metro: Barber County, KS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$760
2 Bedrooms	$960
3 Bedrooms	$1,260
4 Bedrooms	$1,470
5 Bedrooms	$1,705
6 Bedrooms	$1,910
7 Bedrooms	$2,063
8 Bedrooms	$2,166

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

151

Median Household Income

$77,750

Housing Units

131

Renter Percentage

N/A

Occupancy Rate

71.0%

Renter Occupied

To determine if you should buy in ZIP code 67065 for Section 8 purposes, follow this decision tree:

Does the Fair Market Rent (FMR) of $880 cover debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest in this area. The FMR must exceed your debt service to ensure profitability.
Is the market rent above, at, or below the FMR?
- If above: This indicates strong rental demand, but it also means that properties may be too expensive for Section 8 tenants. It depends on the specific market conditions and whether there are enough lower-priced units available.
- If at or below: There is sufficient affordability for Section 8 tenants. Move to the next question.
Are 0.0% of renters eligible for Section 8 combined with an N/A-day Days on Market (DOM) indicative of enough demand?
- If 0.0% of renters are eligible for Section 8: There is no demand from Section 8 tenants. Do not invest in this area for Section 8 purposes.
- If N/A-day DOM suggests low vacancy rates: Even without Section 8 tenants, the area might still be profitable for other types of rentals. However, this does not address the specific question of Section 8 investment suitability.

The key issues here are the lack of specific data points for market rent and the percentage of renters eligible for Section 8. Without these figures, it's challenging to make a definitive recommendation. However, based on the given FMR of $880, if this amount can clear the debt service on a property, then the next step would be to assess the local rental market dynamics. If the market rent is consistently above the FMR, it will be difficult to find Section 8 tenants willing to pay the higher rates. On the other hand, if the market rent is at or below the FMR, the area could be more attractive for Section 8 investments. Lastly, the absence of Section 8 eligible renters (0.0%) makes it clear that this ZIP code is not suitable for such investments, regardless of the DOM figure.

Data Sources: FMR data from HUD (2027). 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.