Location: Wichita, KS | Metro: Wichita, KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
The ZIP code 67201 in Wichita County, Kansas, presents a unique scenario for landlords and small-portfolio investors due to the lack of specific demographic data available. The number of residents, the percentage of renters, median income, and median home value are all marked as N/A, indicating that there is insufficient data to provide a comprehensive overview of these metrics.
Despite the absence of detailed local housing market data, the economic landscape for Section 8 vouchers in ZIP 67201 can still be analyzed. For fiscal year 2024, the Fair Market Rent (FMR) for this area is set at $1020. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. Without specific local market rent data, it's challenging to compare the FMR directly to the actual rental rates in the area, but the FMR provides a benchmark for affordable housing standards.
The stability or transitional nature of the ZIP code cannot be definitively assessed without complete data. However, the presence of the Section 8 voucher program suggests a need for affordable housing options, which could indicate either a stable demand for subsidized housing or a transitional period where the local economy is adjusting to changes in housing affordability. Landlords and investors should consider the broader economic trends in Wichita County and the state of Kansas when making decisions about participation in the Section 8 program.
In conclusion, while the specific data points for ZIP 67201 are unavailable, the Section 8 voucher program offers a fixed income stream for landlords at $1020 per month for the upcoming fiscal year. This can be a reliable source of revenue in an area where other economic indicators are unclear. Investors should proceed with caution, relying on regional trends and additional research to make informed decisions about investment opportunities in this ZIP code.
Data Sources: FMR data from HUD (2027).
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.