Location: Labette 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 | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $175,888 | 0.72% | D |
U.S. Census Bureau data (2024)
The Section 8 market in ZIP code 67342, located in Labette County, Kansas, presents a unique opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the metro area, as of fiscal year 2026, is set at $930. This figure is higher than the market rent reported by the Census Bureau's American Community Survey, which stands at $843. This indicates that voucher tenants can cashflow at the FMR level, providing a stable income stream for property owners.
To further analyze the investment potential, consider the median home value in ZIP 67342, which is $153,980. Using the HUD FMR of $930, the rent-to-price ratio is approximately 7.2%. This suggests that rental properties in this area are undervalued relative to their market rents, making them attractive for purchase by investors looking to capitalize on rental income.
The dynamics between renting and buying in ZIP 67342 do not significantly impact the decision-making process for investors due to the lack of available data on median days on market (DOM) and percentage of price cuts. However, given the current market conditions and the favorable rent-to-price ratio, the stability of cash flow from Section 8 vouchers remains a strong point of interest for investors.
The strongest investor angle in this market is cashflow. With the HUD FMR exceeding the market rent and a low rent-to-price ratio, investors can expect steady and reliable returns from rental income without the need for significant property improvements or premium unit pricing.
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.