Section 8 Fair Market Rent (FMR) for ZIP 67221 - 2027

Location: Wichita, KS | Metro: Wichita, KS HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$780
2 Bedrooms	$1,000
3 Bedrooms	$1,320
4 Bedrooms	$1,640
5 Bedrooms	$1,902
6 Bedrooms	$2,130
7 Bedrooms	$2,300
8 Bedrooms	$2,415

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

325

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

N/A

Renter Occupied

The ZIP code 67221, located in Kansas, offers a stable environment for real estate investment, particularly for those interested in the Section 8 housing market. This area is characterized by modest living conditions and a community that relies significantly on federal assistance programs.

The Fair Market Rent (FMR) for ZIP 67221 in fiscal year 2024 is set at $1020. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit, providing a clear benchmark for pricing.
Market rent data is currently unavailable for ZIP 67221, which means investors should rely on the FMR as a guideline for setting competitive rates.
The median home value in ZIP 67221 is also not available, suggesting that the area may have a limited number of homes for sale, making rentals a more viable option.
The exact percentage of renters in the area is not specified, but it's important for landlords to understand the local demand for rental properties, especially those participating in the Section 8 program.
Average days on market (DOM) for rental listings is not available, which could indicate a strong demand for rental properties or a lack of data on this metric.
The median income for the area is not available, but it's crucial for landlords to consider the economic profile of potential tenants to ensure they qualify for Section 8 assistance.

Given the available data, landlords and small-portfolio investors should focus on setting their rents close to the FMR of $1020 to remain competitive. The lack of specific data points such as market rent, median home value, and renter share suggests a niche market where Section 8 properties might dominate. Understanding the local economic conditions and tenant qualification processes will be key to success in this ZIP code. While the absence of certain metrics poses challenges, it also creates opportunities for those willing to navigate the unique dynamics of the area.

Data Sources: FMR data from HUD (2027). 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.