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 | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $207,534 | 0.48% | F |
| 3BR | $1,330 | $235,830 | 0.56% | F |
| 4BR | $1,640 | $277,350 | 0.59% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 67220 in Wichita, Kansas, for fiscal year 2024 is set at $1030. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you'll receive; rather, it's the ceiling on what tenants can be charged. The actual rent you receive will be based on the tenant's portion of the rent plus the Housing Authority's subsidy.
In comparison, the average rent in ZIP 67220, according to Census ACS data, is $918. This indicates that the FMR is slightly higher than the typical market rate, which could make Section 8 rentals more attractive to some landlords.
With a renter share of 39.7%, there is a substantial demand for rental properties in this area. This means nearly 40% of the households in ZIP 67220 are renters, showing a strong need for affordable housing options. If you're considering entering the Section 8 market, this demand suggests that your property is likely to be occupied.
The median home value in ZIP 67220 is approximately $247,742. This gives you an idea of the acquisition cost if you're looking to purchase a property for Section 8 tenancy. Keep in mind that the value of homes can vary widely, so you should research specific neighborhoods and property types to get a clearer picture.
Before finalizing your decision to participate in the Section 8 program, ensure that your property meets all the required standards set by the Housing Authority. These standards cover safety, health, and habitability aspects, ensuring that the property is suitable for living. Failure to meet these criteria can result in disqualification from the program, regardless of the property's location or potential rental income.
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.