Location: Reno County, 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 | $760 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $172,308 | 0.61% | D |
| 3BR | $1,370 | $253,808 | 0.54% | F |
U.S. Census Bureau data (2024)
The potential risks for investing in Section 8 properties in ZIP code 67108 in Mount Hope, KS, are significant. First, consider the tenant turnover rate, which can be a critical issue for landlords. The market rent in the area is $1,066, while the Fair Market Rent (FMR) for fiscal year 2024 is set at $920. This discrepancy suggests that tenants might struggle to afford the higher market rates, leading to frequent turnover and instability.
Vacancy exposure is another concern, as the Days on Market (DOM) data is not available. Without this information, it's difficult to predict how long a property might remain vacant between tenancies, potentially causing financial strain for landlords.
Deferred maintenance is also a risk, especially considering the typical home value of $234,417 and the median income of $87,679. These figures indicate that residents may have limited disposable income to cover unexpected expenses, which could result in deferred maintenance issues being passed on to landlords. This scenario requires careful management to ensure properties remain in good condition without overburdening the owner financially.
Despite these risks, there are mitigating factors that make the investment somewhat viable. The renter share in the area is 12.1%, which is relatively high. High renter density often translates into a higher demand for rental properties, including those that accept Section 8 vouchers. This increased demand can help stabilize occupancy rates and reduce the likelihood of prolonged vacancies.
In conclusion, the risks associated with Section 8 investments in ZIP 67108 are moderate due to the combination of potential tenant turnover, uncertain vacancy exposure, and deferred maintenance concerns, balanced against the relatively high renter density in the area.
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.