Location: Wichita, KS | Metro: Wichita, KS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
The ZIP code 67275 in Wichita, KS, presents unique characteristics that distinguish it from other areas within the city. However, specific demographic data such as the number of residents, percentage of renters, median income, and median home value are currently unavailable. This absence of data makes it challenging to provide a comprehensive analysis of the economic stability or transitional nature of the area.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 67275 in fiscal year 2024 is set at $1020. Without precise market rent figures for the area, it's difficult to compare the FMR against typical rental costs. Nevertheless, landlords and small-portfolio investors should consider the FMR as a guideline for setting rents that align with government assistance programs.
The lack of detailed demographic and economic data suggests that ZIP 67275 could be either stable or transitional. Stable areas usually have consistent data over time, while transitional areas might see changes in demographics and economic indicators. Given the limited availability of specific data points, further investigation into recent trends and local reports would be necessary to determine the exact status of the ZIP code.
Data Sources: FMR data from HUD (2027).
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.