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 | $750 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $800 | $77,682 | 1.03% | B |
| 2BR | $1,010 | $112,657 | 0.9% | C |
| 3BR | $1,340 | $144,990 | 0.92% | C |
| 4BR | $1,660 | $157,634 | 1.05% | B |
U.S. Census Bureau data (2024)
The potential pitfalls for Section 8 landlords in ZIP 67211, Wichita, KS, are significant. Tenant turnover is likely to be high due to the disparity between the market rent of $874 and the Fair Market Rent (FMR) for fiscal year 2024, which stands at $960. This mismatch can lead to frequent changes in occupancy, increasing administrative burdens and potentially reducing rental income stability. Vacancy exposure is another concern, as the Days on Market (DOM) figure is not available, indicating that landlords might face prolonged periods without tenants. Furthermore, the typical home value of $119,996 combined with a median income of $44,120 suggests a higher risk of deferred maintenance, as residents may struggle to afford repairs beyond basic necessities.
Despite these challenges, the high renter share of 53.3% in ZIP 67211 points towards a robust demand for rental properties, including those participating in the Section 8 program. A dense population of renters typically translates into a steady pool of voucher holders seeking housing, which can mitigate some of the risks associated with vacancy and turnover.
Verdict: Moderate risk for a first-time Section 8 landlord.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.