Location: McPherson County, KS | Metro: McPherson County, KS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The ZIP code 67443, located in Galva, Kansas, stands out within McPherson County due to several key factors. With a population of 2,080 residents, only 13.3% of whom rent their homes, it indicates a predominantly owner-occupied community. The median income of $88,938 suggests a relatively affluent area, while the median home value of $275,151 further underscores the financial stability of the region.
Turning to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $880. This figure contrasts sharply with the current market rent of $737, as reported by the Census Bureau's American Community Survey. Landlords and small-portfolio investors should note that the FMR provides a higher rental rate compared to the market average, which can be beneficial when considering the use of Section 8 vouchers.
The data signature for ZIP 67443 reads as stable. Despite the low percentage of renters, the high median income and median home values indicate a strong local economy and a solid base of homeownership. This stability means that landlords who accept Section 8 vouchers can expect consistent demand from tenants and reliable payment structures, making it a favorable environment for those willing to participate in the program.
Data Sources: FMR data from HUD (2027). 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.