Location: Marion 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 | $880 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $138,313 | 0.83% | C |
| 3BR | $1,470 | $207,858 | 0.71% | D |
U.S. Census Bureau data (2024)
ZIP code 67428, located in Canton, KS, is situated within the broader context of Marion County, KS. Its Federal Market Rent (FMR) for FY 2026 stands at $960, while the market rent is higher at $1,057. This indicates that the area is slightly above average in terms of rental costs compared to the federal benchmark, suggesting it is a mid-tier neighborhood rather than a premium sub-market within the county.
The home value in ZIP 67428 is listed at $195,654, which is a key figure for landlords and investors. If this value is lower than the average home value across other ZIP codes in Marion County, it could signal a potential value pocket where properties are relatively cheaper but still offer decent rental income. However, if it aligns closely with or exceeds the county's average, then it would be considered more of a mid-tier neighborhood.
The renter share in 67428 is 8.1%, which is an important metric for understanding the demand for rental properties. A higher renter share with lower-than-average home values can indicate a favorable environment for Section 8 housing, as it suggests a concentration of renters who might qualify for government assistance. This divergence between home values and renter share can indeed point to a sweet spot for Section 8 landlords, offering a balance between affordable property acquisition and a steady tenant base.
To conclusively determine the status of 67428 within the Marion County, KS metro, it would be necessary to compare its metrics against the averages of other ZIP codes in the county. However, based on the provided figures, ZIP 67428 appears to be a mid-tier neighborhood with some characteristics that make it potentially attractive for Section 8 investments, particularly due to the relatively high renter share and the modest home values.
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.