Location: Cowley County, KS | Metro: Sumner County, 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 | $680 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $108,297 | 0.89% | C |
| 3BR | $1,180 | $168,741 | 0.7% | D |
U.S. Census Bureau data (2024)
The ZIP code 67119, located in Oxford, Kansas, is a modest-sized community with a population of 1,287 individuals. The rental market in this area accounts for 23.6% of the total housing units, indicating a moderate presence of renters rather than a renter-heavy environment. Given the median household income of $61,641, the average market rent of $671 per month represents approximately 14% of the monthly income, assuming a standard income distribution. This percentage is relatively manageable for most households, suggesting that the rental market is accessible to a broad range of tenants.
Comparatively, the Fair Market Rent (FMR) set at $880 for fiscal year 2024 is higher than the current market rent, which implies that there might be some flexibility for landlords to adjust their rents upwards without significantly deterring potential tenants. However, the gap between the actual market rent and the FMR also indicates that landlords may face challenges in fully covering their costs through Section 8 vouchers alone, as these vouchers typically align closely with the FMR standards.
The tenant profile in ZIP 67119 will likely consist of individuals and families who rely on Section 8 vouchers due to the lower market rent compared to the FMR. Landlords should anticipate a mix of tenants who are seeking affordable housing options and are willing to comply with the regulations associated with the Section 8 program. These tenants will generally have a household income below the median, necessitating the use of vouchers to afford living in the area.
To conclude, while the rental market in ZIP 67119 is not dominated by renters, it does present an opportunity for landlords to attract tenants who are dependent on Section 8 vouchers. The manageable rent-to-income ratio supports the feasibility of renting to voucher holders, but landlords must be prepared to operate within the constraints of the voucher program's payment standards.
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.