Location: Wichita, 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 | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $176,837 | 0.6% | F |
| 3BR | $1,400 | $236,630 | 0.59% | F |
| 4BR | $1,740 | $293,538 | 0.59% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67135 in Sedgwick, Kansas, for fiscal year 2024 is set at $1030. This figure represents the maximum amount that a landlord can charge a tenant participating in the Section 8 program, which is a federal housing assistance initiative. It's important to note that this is not the actual rent you would receive; it's the ceiling price for subsidized units.
To put this into perspective, the average rent for ZIP 67135, according to the latest Census American Community Survey (ACS), is $1034. This indicates that the FMR is slightly below the market rate, meaning landlords who accept Section 8 tenants will receive a subsidy that brings the total rent close to the market value.
In ZIP 67135, 15.7% of residents are renters. This percentage suggests there is a moderate level of demand for rental properties, including those that accept Section 8 vouchers. While not a high percentage, it still represents a significant number of potential tenants who could benefit from your property.
If you're looking to acquire a property in this area, the median home value is around $243,050. This figure reflects the typical cost of purchasing a home in Sedgwick, which could be a starting point for estimating the investment required to enter the rental market.
Before making a decision to participate in the Section 8 program, verify that the property meets all the necessary criteria for eligibility. This includes ensuring the unit is up to code, safe, and habitable. The Housing Quality Standards (HQS) inspection is crucial, as it determines whether your property can qualify for the program.
In summary, the FMR of $1030 provides a benchmark for the maximum rent you can charge a Section 8 tenant, while the local average rent of $1034 gives an idea of the market rate. With a renter share of 15.7%, there is a steady demand for rental properties, and the median home value of $243,050 helps gauge the cost of acquiring a property. Make sure your property passes the HQS inspection to ensure it qualifies for the program.
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.