Location: Marion County, KS | Metro: Marion County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67073, as determined by the U.S. Department of Housing and Urban Development for metro FY 2026, is set at $1,230. This figure represents the payment standard for Section 8 rental properties in this area, which is the maximum amount the government will pay towards a tenant's rent. It is important to note that this does not necessarily reflect the actual rent you can charge, but rather the ceiling for government subsidies.
Comparatively, the average rent for ZIP 67073, based on Census American Community Survey data, is $1,031. This suggests that the market rent is slightly below the FMR, which could be beneficial for landlords participating in the Section 8 program. The difference between the FMR and the average market rent leaves room for landlords to potentially cover their costs and make a profit, while still remaining within the subsidy limits.
The renter share in ZIP 67073 is 30.8%, indicating a moderate demand for rental housing. This percentage shows that nearly one-third of the households in this area are renters, which is a significant portion. Given this demand, it is likely that there will be interested tenants for your Section 8 property, assuming it meets the necessary criteria.
Regarding the acquisition cost of properties in ZIP 67073, the data indicates it is N/A, which might suggest limited availability or a lack of recent transactions to provide an accurate figure. This could mean that finding a suitable property for a Section 8 rental might require more effort or a different approach compared to other areas where more data is available.
Before committing to a Section 8 rental in ZIP 67073, ensure that the property complies with HUD’s Housing Quality Standards (HQS). This verification is crucial because only properties meeting these standards qualify for the program. Failure to meet HQS could result in disqualification and potential financial losses.
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.