Location: Marion 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 | $730 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $770 | $77,264 | 1% | C |
| 2BR | $970 | $117,722 | 0.82% | C |
| 3BR | $1,290 | $181,197 | 0.71% | D |
| 4BR | $1,590 | $249,680 | 0.64% | D |
| 5BR | $1,844 | $319,160 | 0.58% | F |
U.S. Census Bureau data (2024)
ZIP 67114, located in Newton, KS, within the Marion County, KS metro area, offers a strategic fit for a Section 8 portfolio due to its characteristics as a cash-flow anchor. The Fair Market Rent (FMR) for ZIP 67114 in fiscal year 2024 is set at $930, which exceeds the current market rent of $885. This $45 spread ensures that landlords participating in the Section 8 program can maintain steady and reliable cash flow from their rental properties.
The median home value in ZIP 67114 is $170,184, indicating a stable housing market with moderate property values. While the 0.2% price-cut share and 21-day Days on Market (DOM) suggest a slight inclination towards an appreciation play, the primary advantage here lies in the guaranteed rent through the Section 8 program. Landlords can rely on consistent rental income without the risk of vacancy or delinquency typical in non-subsidized markets.
Additionally, ZIP 67114 has a 30.3% renter share, meaning nearly one-third of the residents are renters, providing a solid demand base for rental properties. The median income of $70,018 supports the idea that tenants in this area are likely to qualify for the Section 8 program, ensuring a continuous stream of eligible applicants. This combination of factors makes ZIP 67114 a dependable choice for landlords looking to secure long-term, stable cash flow within their investment portfolios.
In conclusion, ZIP 67114 stands out as a cash-flow anchor within a Section 8 portfolio strategy. The positive spread between the FMR and market rent, along with the substantial renter share and median income levels, ensures that landlords can expect regular and predictable returns from their investments in this ZIP code.
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.