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 | $1,160 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $2,070 |
| 4 Bedrooms | $2,560 |
| 5 Bedrooms | $2,970 |
| 6 Bedrooms | $3,326 |
| 7 Bedrooms | $3,592 |
| 8 Bedrooms | $3,772 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,560 | $215,028 | 0.73% | D |
| 3BR | $2,070 | $266,153 | 0.78% | D |
U.S. Census Bureau data (2024)
The ZIP code 67067, located in Kechi, Kansas, presents a market in motion, characterized by specific dynamics that define its current state. The Fair Market Rent (FMR) for the area, set at $1,360 for fiscal year 2024, is notably lower than the market rent observed, which stands at $1,629. This disparity suggests that the market rent exceeds the government-set threshold, indicating a scenario where demand might be slightly outpacing supply.
The median home value in Kechi is $283,279, reflecting the overall cost of homeownership in the area. While the percentage of homes offered at a price cut and the days on market (DOM) are not available, the higher market rent compared to the FMR implies that there's a segment of the population willing to pay above the subsidized rates for housing. This could point towards a stable or growing rental market, which is beneficial for landlords and small-portfolio investors.
A 19.0% renter share in Kechi indicates that nearly one-fifth of the residents are renters. This figure is relatively low compared to national averages, suggesting that homeownership is still prevalent. However, the presence of a significant rental market, especially with rents exceeding the FMR, signals potential long-term housing pressure. As more individuals seek rental options due to affordability or lifestyle choices, the rental market could continue to exert upward pressure on rents.
In summary, ZIP 67067 in Kechi, Kansas, shows a market where demand for rental properties is robust enough to push rents above the FMR. The high median home value alongside a moderate renter share suggests a balanced but dynamic housing environment, with opportunities for both landlords and small-portfolio investors to capitalize on the current trends without speculative forecasts.
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.