Location: Saline County, KS | Metro: McPherson 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 | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,110 | $171,700 | 0.65% | D |
| 3BR | $1,400 | $263,575 | 0.53% | F |
U.S. Census Bureau data (2024)
ZIP code 67416 is located in Assaria, Kansas, and represents a modest-sized neighborhood with a total population of 950 residents. Approximately 28.1% of these residents are renters, indicating a community where a significant portion of the population owns their homes. The median household income in this area stands at $73,875, which is relatively strong for a small Kansas town, and the median home value is $232,973, reflecting a stable housing market.
The rental landscape in Assaria's ZIP 67416 is intriguing when compared to the federal fair market rent (FMR) guidelines. For fiscal year 2026, the FMR is set at $1,030 for the metro area. However, the actual market rent, according to the Census Bureau's American Community Survey (ACS), is $941. This discrepancy suggests that landlords can potentially benefit from the higher subsidy rates offered through the Section 8 program, which could help cover any shortfalls between the market rent and the amount tenants can pay.
Given these economic factors, ZIP 67416 would suit both hands-off voucher operators and hands-on value-add buyers. For those seeking a passive investment strategy, the lower market rent combined with the higher FMR means that properties can be rented out at a rate that is fully covered by Section 8 vouchers, ensuring steady cash flow without the need for constant tenant screening or management. On the other hand, for investors interested in actively managing their properties, there is an opportunity to improve property values and rents over time, leveraging the strong median income and home values to attract tenants willing to pay above the current market rate once improvements are made.
In conclusion, ZIP 67416 presents a balanced investment opportunity within the Section 8 framework, offering a mix of passive and active strategies for real estate investors. Whether aiming for a stable, low-maintenance income stream or looking to create value through strategic renovations, Assaria's ZIP 67416 provides a solid foundation for achieving financial goals.
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.