Location: Wilson County, KS | Metro: Labette County, KS
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 | $670 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $73,852 | 1.3% | A |
| 3BR | $1,200 | $137,881 | 0.87% | C |
| 4BR | $1,570 | $171,100 | 0.92% | C |
U.S. Census Bureau data (2024)
The ZIP code 67335, located in Cherryvale, Kansas, presents a significant opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 3,246, the area has a substantial rental market, as 31.5% of residents are renters. This indicates a robust demand for rental properties and a potential for high occupancy rates among Section 8 participants.
The median household income in Cherryvale is $56,295, which is crucial when evaluating the affordability of the average market rent of $713. To put this into perspective, the typical rent constitutes approximately 14.5% of the median household income. This ratio suggests that the rent is relatively affordable for the majority of the population, including those who rely on housing vouchers.
Comparing the market rent to the Fair Market Rent (FMR), which is set at $880 for the metro area (FY 2026), the current rent of $713 is below the FMR. This discrepancy means that there is room for landlords to increase rents slightly without exceeding the limits imposed by the Housing Choice Voucher program, thus potentially maximizing their income while still being accessible to voucher holders.
The type of tenant profile landlords can expect in ZIP 67335 includes individuals and families who benefit from the Housing Choice Voucher program. These tenants will likely have a portion of their rent subsidized, making them reliable and consistent payers. Landlords should be prepared to work with the local housing authority to ensure compliance with Section 8 regulations and to facilitate the processing of vouchers.
In conclusion, ZIP 67335 offers a solid foundation for landlords looking to engage with the Section 8 tenant pool. The area's rental market is strong, and the income levels suggest that typical rents are manageable for voucher recipients. By understanding and adapting to the needs of these tenants, landlords can effectively manage their properties and maintain a stable income stream.
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.