Location: Montgomery 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 | $760 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $49,670 | 1.93% | A+ |
| 3BR | $1,200 | $120,978 | 0.99% | C |
| 4BR | $1,600 | $163,990 | 0.98% | C |
| 5BR | $1,856 | $166,497 | 1.11% | B |
U.S. Census Bureau data (2024)
27.7% of residents in ZIP 67337, Coffeyville, KS, are renters, indicating a significant portion of the population relies on rental housing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, which is notably higher than the market rent reported by the Census ACS at $736. This suggests that landlords can potentially increase their rents to align with the FMR without losing tenants to the broader market.
$82,563 is the median home value in the area, reflecting the overall property values but not directly impacting the rental market. However, the median income of $51,500 provides insight into the financial capacity of potential tenants. Given the gap between median income and market rent, it's clear that many residents would qualify for assistance programs such as Section 8.
The data indicates a 0.2% price-cut share, suggesting that few properties in the area are being discounted to attract buyers or tenants. This low percentage also points to a stable market where landlords can maintain their pricing without frequent adjustments.
In summary, with a substantial renter share and a discrepancy between the FMR and market rent, the opportunity for landlords to participate in the Section 8 program is strong. The median income supports the likelihood of tenant qualification for assistance, while the low price-cut share indicates a market where maintaining or slightly increasing rent rates can be successful. Landlords should consider the benefits of the Section 8 program, including guaranteed rental payments and a steady stream of qualified tenants.
Verdict: ZIP 67337 presents a favorable environment for Section 8 participation, supported by the local economic conditions and the alignment of FMR with potential market demand.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.