Location: Sumner County, KS | Metro: Sumner County, KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The analysis for ZIP code 67103 reveals a significant gap between the Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) and the actual market rent. For fiscal year 2024, the FMR is set at $940, while the Census ACS reports the market rent at $767. This means there is a $173 gap, representing approximately 22.5% above the market rate.
The higher FMR compared to the market rent makes ZIP 67103 an attractive yield play for landlords and small-portfolio investors who accept Section 8 voucher tenants. Despite the 19.8% of residents being renters and the median income standing at $53,750, the guaranteed income from Section 8 vouchers ensures steady cash flow. The difference between FMR and market rent allows landlords to receive more than they would from traditional market-rate tenants, thus increasing their potential profits.
However, accepting Section 8 voucher tenants comes with its own set of challenges. Landlords must adhere to HUD regulations and maintain properties to certain standards, which can lead to additional expenses. Furthermore, the administrative burden of managing Section 8 properties can be higher than that of market-rate properties. Despite these factors, the financial incentive provided by the higher FMR makes it a worthwhile consideration for investors looking to maximize returns in ZIP 67103.
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.