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 67277 is located in Wichita, Kansas, and is unique due to being a Post Office Box-only ZIP code, which means it does not serve any residential population and therefore lacks demographic data such as the percentage of renters, median income, and median home value.
Despite the lack of resident data, the Federal Market Rent (FMR) for ZIP code 67277 stands at $1020 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors as it indicates the maximum amount that can be charged for rent under the Section 8 housing choice voucher program. Given that there is no available market rent data for this ZIP code, the FMR serves as a benchmark for rental pricing in the area.
The absence of residential data and reliance on FMR suggest that ZIP code 67277 operates in a transitional state. Unlike typical residential ZIP codes, 67277's economic dynamics are less influenced by local market conditions and more by federal guidelines. Landlords and investors should focus on understanding the Section 8 voucher economics and the specific requirements for participating in the program to ensure compliance and optimize their investment strategies.
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.