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 | $1,130 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,480 |
| 5 Bedrooms | $2,877 |
| 6 Bedrooms | $3,222 |
| 7 Bedrooms | $3,480 |
| 8 Bedrooms | $3,654 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,510 | $207,552 | 0.73% | D |
| 3BR | $2,000 | $254,787 | 0.78% | D |
| 4BR | $2,480 | $297,059 | 0.83% | C |
| 5BR | $2,877 | $342,698 | 0.84% | C |
U.S. Census Bureau data (2024)
The ZIP code 67215 in Wichita, Kansas, stands out within Sedgwick County due to several key characteristics. With a population of 7,129 residents, it has a relatively low rental rate at 12.7%, indicating that most residents own their homes. The median income in this area is strong at $118,346, reflecting a prosperous community. Additionally, the median home value is notably high at $260,791, suggesting a robust housing market.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 67215 in fiscal year 2024 is set at $1,530. This figure is higher than the Census Bureau's American Community Survey (ACS) estimate of $1,390 for the market rent. This discrepancy means that landlords accepting Section 8 vouchers can potentially charge more than the typical market rent, which could be advantageous for those looking to maintain or increase their rental income levels.
The data signature for ZIP 67215 reads as stable. The combination of a high median income and a high median home value suggests that the area is economically secure and likely to remain so. Furthermore, the low percentage of renters indicates a preference for homeownership, which is often associated with long-term stability and investment in the local housing market. While the voucher economics provide an opportunity for landlords to adjust their rents, the overall environment appears to favor steady conditions rather than transitional changes.
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.