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 | $840 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,130 | $107,303 | 1.05% | B |
| 3BR | $1,500 | $173,229 | 0.87% | C |
| 4BR | $1,850 | $275,614 | 0.67% | D |
| 5BR | $2,146 | $323,232 | 0.66% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67219 in Park City, Kansas, for fiscal year 2024 is set at $1,120. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, known officially as the Housing Choice Voucher program. It's important to note that this is not the actual rent you'll receive; it's a payment standard that helps determine the rent subsidy.
In comparison, the local market rent for ZIP 67219 is $1,312, according to the Zillow Observed Rent Index (ZORI). This indicates that if you're participating in the Section 8 program, your rental income will be slightly below the average market rate. However, the demand for affordable housing in this area is strong, with 34.5% of residents being renters. This high percentage suggests a robust pool of potential tenants who qualify for the Section 8 program.
The median home value in Park City, Kansas, is approximately $179,443. This figure provides insight into the typical acquisition cost for a property in this area, which can help you assess whether the long-term financial benefits of a Section 8 rental align with your investment goals. While the initial acquisition cost might seem significant, the steady stream of government-subsidized rent can offer a reliable return on investment over time.
Before proceeding with a Section 8 rental, ensure your property meets all required inspection standards. The government conducts thorough inspections to confirm that the property is safe and habitable. Failure to meet these standards can result in non-payment or termination of the contract, so it's crucial to verify compliance to avoid any complications.
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.