Section 8 Fair Market Rent (FMR) for ZIP 67356 - 2027

Location: Labette County, KS | Metro: Cherokee County, KS HUD Metro FMR Area

Investment Score for ZIP 67356

A
Monthly Rent (2BR)
$980
Median Price (2BR)
$70,145
1% Rule
1.4%
Annual Yield
16.77%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$680
1 Bedroom$750
2 Bedrooms$980
3 Bedrooms$1,170
4 Bedrooms$1,340
5 Bedrooms$1,554
6 Bedrooms$1,740
7 Bedrooms$1,879
8 Bedrooms$1,973

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $980 $70,145 1.4% A
3BR $1,170 $136,198 0.86% C
4BR $1,340 $161,723 0.83% C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
2,728
Median Household Income
$52,882
Housing Units
1,123
Renter Percentage
29.8%
Occupancy Rate
85.6%
Renter Occupied
286

The Fair Market Rent (FMR) for ZIP code 67356 in Kansas for fiscal year 2026 is set at $880. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not your renter's actual rent; it's the benchmark used by the government to determine the maximum subsidy a tenant can receive.

To put this into perspective, the average rent in ZIP 67356, according to the latest Census American Community Survey (ACS), is around $800. This means that if you participate in the Section 8 program, you will be guaranteed a payment close to the local average, but with a federal guarantee.

The rental market in ZIP 67356 is robust, with 29.8% of the population being renters. This indicates a healthy demand for rental properties, which is beneficial for landlords looking to ensure steady occupancy. Additionally, the median household income in the area is approximately $98,700, which suggests that while there is a significant number of renters, the overall economic conditions are favorable for property investment.

Before deciding to take on a Section 8 rental property, one key factor to verify is the condition of the property. The government requires that all Section 8 homes meet certain standards known as the Housing Quality Standards (HQS). These standards cover safety and habitability criteria such as electrical systems, heating, plumbing, and structural integrity. Ensuring your property meets these standards is crucial to avoid delays in securing tenants and maintaining compliance with the program.

In summary, the FMR of $880 provides a clear guideline for the maximum rent subsidy a tenant can receive, aligning closely with the local average rent of $800. With nearly 30% of residents renting, there is strong demand for rental units. However, before you proceed, make sure your property complies with the necessary HQS requirements to ensure a smooth and successful transition into the Section 8 program.

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.