Location: Smith County, KS | Metro: Osborne 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 | $710 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $137,065 | 0.94% | C |
U.S. Census Bureau data (2024)
The ZIP code 67437, located in a county with 971 residents, stands out due to several key factors that make it distinct. With 20.3% of its population renting, this ZIP has a notable but relatively low rental rate compared to national averages. The median income in the area is $64,271, indicating a middle-class community. The median home value of $92,104 suggests that homeownership is affordable and valued in this region.
When examining the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, while the current market rent based on Census ACS data is $590. This disparity between FMR and actual market rates means that landlords can potentially benefit from the higher reimbursement rates offered through Section 8 vouchers. However, it also implies that tenants receiving vouchers might find themselves in a position where they can afford more expensive housing than the local market currently demands.
The data signature for ZIP 67437 reads as stable. The relatively low rental rate and the gap between FMR and market rent suggest a balanced market where demand for rental properties is steady but not excessive. Landlords can expect consistent occupancy rates and reasonable returns on investment when participating in the Section 8 program. Small-portfolio investors should consider the potential for slightly above-market rents due to the voucher system, which could offset any perceived risks associated with tenant turnover or maintenance costs.
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.