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 | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $800 | $74,350 | 1.08% | B |
| 2BR | $1,020 | $108,276 | 0.94% | C |
| 3BR | $1,350 | $137,697 | 0.98% | C |
| 4BR | $1,670 | $161,618 | 1.03% | B |
| 5BR | $1,937 | $173,749 | 1.11% | B |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 67213 in Wichita, Kansas reveals a favorable cashflow scenario. The HUD Fair Market Rent (FMR) for the area is set at $990 for the fiscal year 2024, which is notably higher than the market rent, as indicated by Zillow's Owner Occupied Rental Index (ZORI), at $916. This means that voucher tenants will cashflow at FMR levels, providing landlords with a positive net income from their properties without relying on premium units.
To further understand the investment potential, consider the median home value in the area, which stands at $119,458. Using this figure, we can calculate the rent-to-price ratio, which comes out to approximately 10.8%, indicating a reasonable balance between rental income and property value. This ratio suggests that the rental income generated from a typical unit could be a significant portion of the total cost of the property, making it an attractive option for both short-term cashflow and long-term investment.
The quick turnover of properties, with a median Days on Market (DOM) of just 15 days, and the low price-cut share of 0.2%, point towards a strong demand for housing in the area. These metrics imply that rental properties are likely to be occupied promptly, reducing vacancy rates and ensuring steady cashflow. Additionally, the low price-cut share indicates that landlords do not need to frequently reduce rents to attract tenants, thus maintaining profitability.
In conclusion, the strongest angle for investors in ZIP 67213 is cashflow, given the positive differential between HUD FMR and market rent, coupled with a reasonable rent-to-price ratio and strong demand for housing. This makes the area particularly appealing for those seeking consistent financial returns from their rental investments.
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.