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 | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $156,866 | 0.66% | D |
| 3BR | $1,380 | $225,628 | 0.61% | D |
| 4BR | $1,710 | $276,227 | 0.62% | D |
| 5BR | $1,984 | $331,256 | 0.6% | F |
U.S. Census Bureau data (2024)
The ZIP code 67207 in Wichita, KS, is a renter-heavy area with significant potential for Section 8 tenants. With a population of 27,414, over half (55.0%) of the residents are renters, indicating a strong demand for rental properties. The median household income stands at $67,889, which is crucial when evaluating the affordability of housing.
The market rent in this area is $1,230, representing approximately 18.1% of the median household income. This figure suggests that while rent is a substantial portion of income, it remains within a reasonable range for most households. However, for those relying on Section 8 vouchers, the Federal Market Rent (FMR) of $1,020 for FY 2024 provides a more attainable goal. This FMR is about 15.0% of the median household income, making it easier for voucher holders to find suitable housing within their budget.
Landlords and small-portfolio investors in ZIP 67207 can expect a diverse tenant pool, but with a notable presence of individuals and families utilizing Section 8 vouchers. These tenants will likely seek properties priced closer to the FMR to maximize their voucher benefits. Given the high percentage of renters and the relatively affordable nature of the FMR compared to the median income, there is a robust opportunity for landlords who are willing to participate in the Section 8 program.
To summarize, the ZIP code 67207 has a strong renter base and a significant demand for Section 8 vouchers. The typical market rent consumes 18.1% of the median income, whereas the FMR represents only 15.0%. Landlords should anticipate a mix of tenants, including those who rely heavily on government assistance to meet their housing needs.
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.