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 | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,410 |
| 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 |
|---|---|---|---|---|
| 2BR | $1,070 | $146,961 | 0.73% | D |
| 3BR | $1,410 | $231,334 | 0.61% | D |
| 4BR | $1,590 | $324,425 | 0.49% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1020 in zip code 67146 (Udall, KS), landlords and small-portfolio investors can expect to receive competitive subsidies from the Section 8 program. The market rent, as reported by the Census ACS, stands at $846, indicating a gap where Section 8 can provide additional financial stability. Given the median home value of $209,306, it's evident that the area offers affordable opportunities for both homeownership and rental investments.
The 24.0% renter share suggests that a significant portion of the population relies on rental housing, creating a steady demand for properties. However, the median income of $79,688 might limit the number of eligible households for Section 8, as participants typically have incomes below 50% of the area median. Despite this, the program remains a viable option for those who qualify, offering a reliable source of rental income.
Investors should note that the lack of data on days on market (DOM) and the percentage of price-cut share indicates either a stable market or limited transactional activity. This absence of fluctuation could be seen as a positive sign, implying fewer risks associated with property devaluation or prolonged vacancy periods.
In conclusion, the Section 8 program in Udall, KS, offers a solid opportunity for landlords and small-portfolio investors, with a subsidy rate that exceeds the local market rent. While the eligibility criteria may restrict the pool of potential tenants, the demand for rentals is consistent, making Section 8 participation a prudent choice for securing long-term, stable income streams. $1020 FMR makes this an attractive proposition compared to the local $846 market rent.
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.