Section 8 Fair Market Rent (FMR) for ZIP 67151 - 2027

Location: Marion County, KS | Metro: Wichita, KS HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$990
1 Bedroom	$1,040
2 Bedrooms	$1,320
3 Bedrooms	$1,750
4 Bedrooms	$2,160
5 Bedrooms	$2,506
6 Bedrooms	$2,807
7 Bedrooms	$3,032
8 Bedrooms	$3,184

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

402

Median Household Income

$55,313

Housing Units

216

Renter Percentage

27.0%

Occupancy Rate

87.5%

Renter Occupied

The ZIP code 67151, located in Atchison, Kansas, offers a stable rental market with modest housing costs, making it an attractive option for real estate investors seeking steady returns without the volatility often associated with larger metropolitan areas.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 67151 for fiscal year 2024 is set at $1090, providing a benchmark for landlords to price their units competitively while ensuring compliance with HUD standards.
The average market rent for properties in this area stands at $1,161, slightly above the FMR, indicating that there is a willingness among tenants to pay a bit more for desirable housing options.
The median home value in ZIP 67151 is $186,180, which is relatively low compared to many other regions in the United States, offering a good opportunity for investors to acquire properties at a reasonable cost.
Renters make up 27.0% of the housing market in this area, suggesting a significant portion of the population relies on rental properties, thus creating a consistent demand for rental units.
The median household income in ZIP 67151 is $55,313, which is below the national average but still sufficient to support the local rental market and ensure a steady stream of income for landlords.

Investors looking to enter the real estate market in ZIP 67151 can expect a modest yet reliable return on investment. The combination of a stable rental market, where the average market rent exceeds the HUD FMR, and a median home value that remains affordable, presents a solid foundation for rental property investments. With a significant portion of the population renting, the demand for rental units is steady, and the median income supports this demand. However, investors should be aware that the lower median income also sets a cap on potential rent increases, making it important to focus on maintaining competitive pricing and quality properties to attract and retain tenants.

Data Sources: FMR data from HUD (2027). 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.