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 | $820 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,110 | $130,085 | 0.85% | C |
| 3BR | $1,460 | $202,835 | 0.72% | D |
| 4BR | $1,810 | $279,852 | 0.65% | D |
| 5BR | $2,100 | $369,568 | 0.57% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 67208, located within the Wichita, KS HUD Metro FMR Area, is nearly balanced. The Fair Market Rent (FMR) set at $1090 for fiscal year 2024 closely aligns with the market rent, which stands at $1,088 (ZORI). This indicates that rental properties priced around these figures should attract eligible Section 8 tenants without significant financial strain on either party.
Acquisition in this area is reasonably affordable. With a median home value of $177,409, purchasing a property here is within reach for many investors. Additionally, the average days on market (DOM) of 33 days and a low 0.3% share of homes that have been price-cut suggest a stable market where homes are selling quickly and sellers are reluctant to lower their asking prices, indicating strong buyer interest and potentially quick returns on investment.
Tenant demand in ZIP 67208 is robust. The area has a population of 18,950, with 48.0% of residents being renters. This high percentage of renters implies a substantial pool of potential Section 8 tenants who would be interested in affordable housing options. Given the sizeable rental market, landlords can expect consistent demand for their properties.
In conclusion, ZIP 67208 presents a viable opportunity for Section 8 real estate investments. The rent math is favorable, with FMR and market rents being almost identical, ensuring that both landlords and tenants find the rates acceptable. Acquisition costs are reasonable, and the quick sale times indicate a healthy market for property purchases. Lastly, the high proportion of renters in the local population ensures a steady stream of potential tenants, making it an attractive location for those looking to enter or expand in the Section 8 rental market.
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.